The September 1, 2026 edition of FFTT warns that artificial intelligence is driving a "bond singularity" ahead of any technological singularity. The analysis highlights AI's intensifying competition with Treasury Secretary Bessent for capital allocation in current markets. This capital rivalry poses structural risks as AI development advances toward technologies capable of nonlinearly undermining the existing tax base. The convergence of massive AI infrastructure spending and sovereign debt dynamics creates unprecedented pressure on traditional fiscal frameworks.