IMF warns AI sector failure could spread financial contagion

The International Monetary Fund published a report examining how financing for the global AI buildout could spread contagion if the industry fails to deliver its promised profits.

Why it matters: Data-center buildouts are increasingly debt-financed, so an IMF warning ties AI's fortunes to credit markets and not only tech valuations. It lands alongside signs of thin consumer monetization, such as a16z's finding that few consumers pay for AI, which sharpens the revenue-versus-capex question.