AI bubble fears grow

AI Bubble Drives Up Prices, Harms The Environment And Deserves To Burst

I heard people who read the column I wrote last week on the AI bubble complain that, by rooting for its collapse, I was hoping for the failure of the U.S. economy. Nothing could be further from the truth.The logic of a run-up in asset prices being a bubble is that it is not grounded in reality; it is fake. The best analogy would be counterfeit money. Suppose some brilliant person devised a way to make up trillions of dollars of counterfeit money…

AI bubble fears grow

{beacon} Technology Technology   The Big Story  What to know about growing AI bubble concerns A growing chorus of voices is warning there could be an artificial intelligence (AI) bubble, as companies whose fortunes are closely tied to the technology see their valuations skyrocket.  © Photo Credit High-profile figures, from OpenAI CEO Sam Altman to…

AI bubble fears grow as tech stocks see $100b swings

Fears of AI Bubble Linger Among Central Bankers

As the artificial intelligence boom grows, so do fears that it’s a bubble waiting to burst.

Michael Roberts - The AI bubble and the US economy - Brave New Europe

The US economy would be in recession-territory if it were not for the enormous bet that has been placed that AI really will deliver productivity growth in short order, a bet that looks perilous. Michael Roberts is an Economist in the City of London and a prolific blogger. Cross-posted from Michael Roberts’ blog The US stock market continues to hit new record highs; the bitcoin price is also close to highs and the gold price has rocketed to all-t…