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Mainstream News Anchors Now Talking About the AI Bubble Bursting at Any Moment: "I think the entire AI boom is investing in the wrong future." (futurism.com)

submitted 15 hours ago by eicker@lemmy.world to c/technology@lemmy.world

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[–] schipelblorp@sh.itjust.works 17 points 14 hours ago

As a financial analyst, Klement’s take on the AI economy has been notably grim — back in May, he penned an article in Reuters arguing that institutional investors shouldn’t be asking “whether the AI boom will end, but what will happen to markets when it does.” Now, his live interview on Bloomberg‘s flagship news channel underscores the degree to which the AI bubble is becoming impossible for mainstream commentators to ignore [...]

What's interesting to me is that people who run Bloomberg have a huge advantage in manipulating the market.

In fact, the story behind the AI boom really has to be how the business press operates, always enabling the upper class to be richer.

Of course, if the Iraq war is any example, there will be a few confessions and nothing will change.