It is rather-likely the curtains are in fact on fire.Recently I've started to see "news" circulating that CDS (credit default swaps) are being written on some of the AI-related stuff.Let me point out that the fundamental problem with CDS isn't the premise. There's nothing wrong with the concept; that is, you are buying insurance against the underlying debt not being able to be paid. That's fine provided you are in fact are pooling risk and the person you buy it from can pay.That's the entire premise of insurance: On balance everyone must lose, but the individuals who take a loss are made whole.The problem is that these contracts are generally unregulated, they allow people to claim they.......(Click link to read more)