Monday, June 29

● Latest

Business Trump Held Up to $5 Million in Axon Stock as ICE Pursued a $220 Million Taser Deal World Nigerians Flee South Africa as a New Xenophobic Wave Forces Mass Repatriations World Can France's National Rally Finally Win the Élysée, With or Without Le Pen?California The AI Doom Loop: How Spray-and-Pray Hiring Is Breaking the Bay Area Job Market World Bigger Is Better? China's XXL Snack Craze Collides With an Obesity Crisis World Les Mills, Olympian and Founder of a Global Fitness Empire, Dies at 91 Entertainment At 99, She Still Counts the Beats: Pasadena's Ballet Matriarch Los Angeles SpaceX's Record IPO Sends Southern California Home Hunters Into Overdrive Business Trump Held Up to $5 Million in Axon Stock as ICE Pursued a $220 Million Taser Deal World Nigerians Flee South Africa as a New Xenophobic Wave Forces Mass Repatriations World Can France's National Rally Finally Win the Élysée, With or Without Le Pen?California The AI Doom Loop: How Spray-and-Pray Hiring Is Breaking the Bay Area Job Market World Bigger Is Better? China's XXL Snack Craze Collides With an Obesity Crisis World Les Mills, Olympian and Founder of a Global Fitness Empire, Dies at 91 Entertainment At 99, She Still Counts the Beats: Pasadena's Ballet Matriarch Los Angeles SpaceX's Record IPO Sends Southern California Home Hunters Into Overdrive

Topic: recession risk

The Bank for International Settlements headquarters in Basel, Switzerland.

Monday, 6/29, 09:48 AM

The 'Central Bank of Central Banks' Warns the AI Boom Could Crash Markets

The Bank for International Settlements has issued one of its starkest warnings in years: the race by the world's biggest technology companies to dominate artificial intelligence could end the way past investment manias did — in an abrupt bust that drags the broader economy down with it.

recession risk — news and stories on this topic

This page collects all of the Los Angeles Herald's coverage of recession risk. Follow the topic from one place: new stories appear here automatically as more is published. That way you stay on top of how the situation develops.

Looking for the bigger picture? Browse Los Angeles news, U.S. news, world news and politics, or head back to the front page for the day's top stories.