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NYU finance professor Damodaran warns an AI crash could hit harder than the dot-com bust
NYU finance professor Aswath Damodaran believes a potential AI crash would be more painful than the bursting of the dot-com bubble because the industry is building massive amounts of debt-financed physical infrastructure rather than lightweight software. Even if AI succeeds, he sees a problem. The actual business model is to replace entire jobs, with unclear consequences for society.
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economictimes.indiatimes.com
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…
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the-decoder.com
NYU finance professor Damodaran warns an AI crash could hit harder than the dot-com bust
NYU finance professor Aswath Damodaran believes a potential AI crash would be more painful than the bursting of the dot-com bubble because the industry is building massive amounts…
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AI spending boom could trigger sharper downturn than dotcom crash: Professor Aswath Damodaran - The Economic Times
Valuation expert Aswath Damodaran warns the AI boom's massive capital expenditure, largely debt-funded, could lead to a more painful downturn than the dotcom crash. He notes tech…