US EditionChance of AI market correction is 'pretty high,' says ex-Meta exec Nick Clegg as he pushes back on superintelligence
Nick Clegg warns AI market shows bubble traits with 'pretty high' chance of correction despite AI’s lasting technological impact, amid massive investment deals worth up to $1 trillion.
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Former Meta executive says AI could be headed for a correction
"Of course, you have got to kind of think, 'Oh wow, this could be headed for a correction," Nick Clegg, Meta's former president of global affairs, said of AI.Finnbarr Webster via Getty ImagesNick Clegg, 58, was Meta's president of global affairs. He worked at Meta from 2018 to 2025.Clegg said the race to invest in AI has resulted in "unbelievable, crazy valuations" in the market."It's certainly got some pretty prominent features of what looks li…
Chance of AI market correction is 'pretty high,' says ex-Meta exec Nick Clegg as he pushes back on superintelligence – RamaOnHealthcare
Key Points- Former Meta executive and British politician Nick Clegg sat down with CNBC's Arjun Kharpal for "Squawk Box Europe" on Wednesday.- "There's just absolute spasm of almost daily, hourly, deal making" in AI, he said.- While Clegg said artificial intelligence is here to stay, he questioned some of the promises made by tech leaders.The [...]
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