The Bank for International Settlements released a July 28 bulletin noting that AI simultaneously boosts demand and supply while debt-financed spending lifts activity, trade, and equity markets. Fitch's third-quarter Global Risk Outlook flags AI-related correction vulnerability alongside geopolitical uncertainty. US corporate bond issuance rose 26 percent in the first half of the year, largely tied to AI fundraising, with S&P 500 valuations approaching dotcom-era levels.