科技公司循环融资或吹大产业泡沫

经济日报
Aug 11

当前,全球人工智能(AI)投资热潮持续升温,在为技术创新和产业升级注入强劲动能的同时,也带来投资过热和金融风险的担忧。尤其值得警惕的是,部分AI企业之间正形成投资、担保与采购相互嵌套的“循环融资”关系,给市场稳定带来新的不确定性。  国际清算银行(BIS)6月底发布的《2026年年度经济报告》警示称,AI行业融资的不透明性加剧了金融脆弱性,其中最为突出的是循环融资带来的风险。一旦AI投资回报令市场...

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