Business Insider
Business Insider
US · 3 hrs ago

Get ready to meet the 'love child' of the dot-com crash and financial crisis, tech guru Erik Gordon says

The end of the AI boom won't be pretty, business professor Erik Gordon says. Osmancan Gurdogan/Anadolu via Getty Images An AI slump will combine features of the dot-com crash and Great Financial Crisis, Erik Gordon says. The business professor said the AI boom couples extreme valuations with enormous contagion risk. Potential "losers" include banks, insurers, and investors in index funds and ETFs, Gordon said. The AI boom marries dangerous elements of internet mania and the mid-2000s credit…
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