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Policy · Updated 17 Oct, 09:56 am IST

Gary Marcus warns AI bubble could trigger 2008-like banking crisis

Image: ET Tech

Why it matters for readers: It explains why some experts worry AI hype could have big economic consequences.

  • Marcus said OpenAI might become the 'WeWork of AI' and could be sold to a company such as Microsoft in a fire sale.1
  • He warned that the fall of a major AI company could trigger a contagion effect and even a 2008-like banking crisis.1
  • Marcus criticised Anthropic for pressing ahead with a large IPO while also calling out AI risks, calling the move 'egregious.'1
  • He argued for a 'recall' of autonomous AI agents, saying personal agents are dangerous and unsafe and would worsen the situation.1
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