The artificial intelligence boom and the possibility of a sharp market correction have emerged as major global credit risks, ratings agency Fitch warned, highlighting concerns that soaring technology valuations and unprecedented AI-related spending may be outpacing uncertain future returns, as per a Reuters report.
In its third-quarter Global Risk Outlook, Fitch said the global credit environment is facing two key near-term risks: growing vulnerability to an AI-driven market correction and continued uncertainty arising from the U.S.-Iran conflict.
