Part 9/13:
An alarming possibility discussed is that much of the current AI boom is driven by speculative investments and overhyped promises. Prominent investors, like Michael Burry of "The Big Short" fame, have taken large positions betting against certain AI stocks such as Nvidia and Palantir, implying skepticism about the sustainability of current valuations.
Experts warn that the current AI bubble, coupled with overestimations of productivity gains, might be poised for a catastrophic crash reminiscent of the dot-com bust in 2000. Such a crash could unleash widespread economic damage, wiping out trillions in market value and severely impacting investment and growth.