And the most apt AI bubble comparison isn't 1999 but 2008. That comparison is ... not encouraging. Gift link to @johnauthers.bsky.social column for @opinion.bloomberg.com www.bloomberg.com/opinion/arti...
A Tale of Two Bubbles Defining a ThirdThe AI craze is getting volatile as investors look more at parallels with 2008 than 1999.www.bloomberg.comSarah DoughertyI believe we are in a bubble, AI & more broadly. The k-shaped economy where the wealthy are ok and things keep getting harder for the less well off is not sustainable. Basic goods are getting more expensive & many people are really struggling. Trump’s policies are only making fundamentals worse