The Ministry of Finance's internal report compares AI to the internet bubble, and the spokesperson quickly denies it—this scenario feels familiar.

CoinWorld News, according to U.S. digital news media Notus, a draft report from the U.S. Treasury Department warns of risks in the AI market and compares its key characteristics to the internet bubble. The report, prepared by U.S. Treasury experts for Treasury Secretary Scott Bessent, Federal Reserve Chairman Kevin Warsh, and multiple federal financial regulatory agencies, has been completed for weeks and is awaiting formal approval, with an eventual public release expected. The report argues that compared to companies during the internet bubble era, AI companies have become more deeply integrated into the U.S. economic system. Once financial conditions change, productivity goals are not achieved, or key bottlenecks such as supply chains hinder industry development, the AI industry could pose a significant risk to the entire financial system. A U.S. Treasury spokesperson refuted the report's conclusions, stating that it has not been reviewed and does not represent the department's policy or views.