This is how the AI ​​bubble will burst

Be warned. We are reliving the Roaring Twenties. Not a whole new age of jazz – jazz is a bit tired these days. But artificial intelligence euphoria is widespread, crypto madness is widespread, credit is bubbling up in private markets, and the US is once again at the center of a global fiscal and financial maelstrom. Almost 100 years later, we have to ask ourselves: Is there a risk of another 1929 crash?

A related and relevant question is whether we are in a bubble. Former Federal Reserve Chairman Alan Greenspan said during the dot-com boom of the late 1990s: “Bubbles are generally only noticeable in hindsight. To detect a bubble in advance, one must judge that hundreds of thousands of informed investors have it all wrong. Betting against the markets is typically precarious at best.”

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