New York —
Artificial intelligence is a game-changing technology that’s already transforming how the world lives and works.
Yet AI can also fuel a market meltdown, a recession – or both.
Timing is everything. Money is pouring into AI so rapidly that it’s outpacing the ability to turn a profit. This unsustainable mismatch must come into balance, one way or another. The recent blow-up of a wildly successful AI-focused hedge fund demonstrates the risks and rewards of the AI boom.
Those risks are magnified by how incredibly expensive it is to build the AI revolution, where companies are scrambling to buy cutting-edge chips and build data centers the size of dozens of football fields.
