Search results for Pablo Hernandez de Cos
AI & Enterprise
AI slowdown calls clash with $800 billion infrastructure bets, raising fears for U.S. economy
Calls to slow U.S. artificial intelligence development are colliding with expectations of a surge in investment, drawing attention to how an AI slowdown could affect the broader economy. U.S. hyperscalers are forecast to spend $800 billion on AI infrastructure this year, while proposals range from pacing frontier-model development to halting advanced AI until federal rules are set. Markets are also watching how any pullback in AI investment could ripple through growth, stocks and credit.
Crypto
BIS says stablecoins still fall short as payment tool, tokenised deposits back in focus
The head of the Bank for International Settlements said stablecoins lack reliability as a large-scale payment method and argued tokenised deposits are a stronger option that can use tokenisation while preserving the foundations of the monetary system. He said stablecoins may struggle to serve as everyday money and warned that shifts from bank deposits could raise banks’ funding costs and lift borrowing rates. He also cited interoperability and anti-money-laundering challenges and potential risks to monetary sovereignty.
Crypto
Former BIS head who targeted stablecoins signals shift, says they should coexist with fiat money
Agustin Carstens, former general manager of the Bank for International Settlements, has eased his stance on stablecoins and publicly mentioned the possibility of their coexistence with fiat money. Speaking at the Point Zero Forum, he said stablecoins could contribute to financial innovation, inclusion and lower costs, and called for conditions enabling coexistence. Analysts say the BIS stance has not changed, as it continues to warn of trust and stability risks.
