The AI Bubble: Hype, Collapse, and What Comes Next
A British chartered accountant, academic, and political economist, Richard J Murphy, argues that the global stock market is in a dangerous bubble, mostly driven by hype around Artificial Intelligence (AI). He says this bubble is based on profits that don’t yet exist, and compares it to past crashes in 1987, 2000, and 2008 — warning that this time isn’t different.