Billionaire investor predicts AI will produce a bubble
Ray Dalio, founder of Bridgewater Associates, recently stated that all great technology changes produce bubbles.
The reason for this, he explained, is that no one can get it exactly right, and companies must spend heavily to capture market share.
Dalio’s comments come as the Dow Jones, S&P 500, and Nasdaq have all reached record-closing highs, driven in part by AI euphoria.
His prediction is historically accurate, supported by previous tech bubbles such as the internet and nanotechnology.