According to Lex Sokolin, credit markets are starting to price real default risk into trillion-dollar AI wagers, exposing fragility in the trade, source: Lex Sokolin, X, Dec 6, 2025. He adds that these bets rely on single counterparties such as OpenAI, creating systemic pressure points inside centralized models, source: Lex Sokolin, X, Dec 6, 2025. For trading, this flags counterparty and concentration risks for AI-linked equities, corporate credit, and crypto strategies that depend on centralized AI services, warranting tighter risk limits and stress testing, source: Lex Sokolin, X, Dec 6, 2025.