When the AI Gold Rush Ends: Economic Consequences of a Bursting Investment Bubble
When the AI Gold Rush Ends: Economic Consequences of a Bursting Investment Bubble
Speculation around artificial intelligence has reached a level that invites uncomfortable historical comparisons. Capital is flowing into AI ventures at extraordinary speed, valuations are stretching far beyond current cash flows, and expectations about productivity gains often assume near-frictionless adoption. If evidence were to emerge that this enthusiasm rests on unrealistic assumptions and an investment bubble in AI were to burst,..
Speculation around artificial intelligence has reached a level that invites uncomfortable historical comparisons. Capital is flowing into AI ventures at extraordinary speed, valuations are stretching far beyond current cash flows, and expectations about productivity gains often assume near-frictionless adoption. If evidence were to emerge that this enthusiasm rests on unrealistic assumptions and an investment bubble in AI were to burst,..
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