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Business · Updated 7 Oct, 10:35 am IST

Ray Dalio warns AI is a 'classic bubble' nearing a burst

Image: ET Tech

Why it matters for readers: This matters because even popular technologies can face sudden market corrections if funding becomes too costly.

  • Ray Dalio said AI is a 'classic bubble' that is 'approaching' a bursting point.1
  • He warned large amounts of debt are being used to fund AI, raising vulnerability as interest rates climb.1
  • Dalio spoke at the Forbes Global CEO Conference in Singapore on Wednesday.1
  • Despite his warning, equity valuations have continued to rise, with the S&P 500 and Nasdaq 100 hitting record highs.1
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