Economist Warns AI and Tech Bubble Could Burst Like Dotcom Crash
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Economist warns current wave of AI enthusiasm could lead to bubble in US equity market, like dotcom crash.
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Higher interest rates unlikely to cause major systemic risk but may not temper speculative behavior.
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AI-fuelled exuberance driving tech stocks and broader market to unsustainable highs.
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Concerns echoed by Bank of England official who warns of risk from market exuberance at low volatility.
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Next big financial event may resemble early 2000s dotcom crash rather than 2008 housing crisis.