AI boom heading for a dot-com-style bust? ‘Dean of Valuation’ Aswath Damodaran warns correction could be more painful than 2008

Global finance expert Aswath Damodaran warns AI's massive infrastructure spending, funded by debt, poses a greater risk than the dot-com crash. Unlike the internet boom's light assets, AI's reliance on physical hardware and leverage could trigger wider economic fallout if growth falters. India, investing heavily in AI, faces potential impacts on foreign investment and job markets, urging a focus on sustainable models.

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