Source The New York Times · Published · Open the original ↗
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The A.I. Boom Looks a Lot Like the Housing Bubble
There are signs the A.I. boom is going bust. If it does, the consequences could rival the 2008 financial crisis.
Artificial intelligence is fast becoming the largest investment in U.S. history. As the money pours in, the companies involved are resurrecting bad old habits eerily reminiscent of the shenanigans deployed in the run-up to the financial crisis.
There are already signs that much of this investment may go bad. If it does, the consequences could rival what happened in 2008.
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