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Investor Says We're Rapidly Approaching the Point At Which Economic Systems Collapse Under the Weight of AI
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Investor Says We're Rapidly Approaching the Point At Which Economic Systems Collapse Under the Weight of AI

Business - Latest - Google News·about 4 hours ago
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At this point, the parade of doomsayers warning of the collapse of the AI bubble is almost endless.

Renowned financial commentators like Harris Kupperman have warned that the math on data center investments is unsustainable, economists like Michael Roberts have called AI the “biggest economic bet in US history,” and even the International Monetary Fund has begun fretting that the world economy is on a knife’s edge.

But in the ongoing AI gold rush, the wealthy and powerful keep pumping money into AI and its attendant industries anyway.

Now, crypto investor and finance media guru Raoul Pal is warning of his own kind of AI doomsday — but one where an AI takeover, not a bursting bubble, brings the conventional economy to its knees.

“The next four years are going to feel very different to anything we’ve lived through,” Pal wrote in a post on X-formerly-Twitter.

The post is nakedly self-promotional — it appears alongside a clip of the finance pundit’s “When Shift Happens podcast,” and is…

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