AI’s Biggest Skeptic Sees a Bubble

The AI boom is the biggest investment mania in decades, channeling trillions of dollars into data center infrastructure.  If investors bet right, they may usher in technological breakthroughs that produce vast wealth.  If they’re wrong, they could crash the U.S. stock market, trigger a recession, and spread financial contagion globally.Ed Zitron was among the first to call AI a bubble.  His unsparing deep dives into AI finances are must-reads, even for his critics.  In a spirited back-and-forth on The World Unpacked, Ed and host Jon Bateman debate Wall Street’s “unhealthy relationship” with Nvidia, if China has its own AI bubble, and whether ChatGPT should give tax advice.Find the episode transcript and streaming audio, and get the show direct to your inbox, here: https://carnegieendowment.org/podcasts/the-world-unpacked/ais-biggest-skeptic-sees-a-bubble? Follow Jon on X: https://x.com/JonKBateman