A major financial institution just mapped the hidden money loops running through the AI sector, and what they found raises serious questions about how real the demand driving this boom actually is.
More than half of the investment received by artificial intelligence companies between 2021 and 2025 came from other companies in the same sector, according to a bulletin from the Bank for International Settlements. The study notes that these links can ensure key inputs, but also concentrate risks and make it difficult to read the real demand.