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Mmastodon BusinessFinance first seen 8 h ago, last 3 h ago, peak #2

'Big Short' Investor Warns AI Bubble Will Burst Soon

Original: 'Big Short' Investor Expects AI Bubble Burst 'Sooner Than Later' https://gizmodo.com/big-short-investor-expects-ai-bubbl

The investor famed for predicting the 2008 housing crash and chronicled in 'The Big Short' says the AI bubble could burst 'sooner than later'. The warning adds to growing debate over whether massive spending on artificial intelligence stocks and infrastructure has inflated valuations beyond sustainable levels. Observers are weighing the forecast against continued investor enthusiasm for AI-focused companies.

Why now: Fears of an AI investment bubble are a live concern as valuations and spending on AI keep climbing.

Michael Burryartificial intelligenceWall Street

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