Would an artificial-intelligence bubble be so bad?

A little over a decade ago Seth Klarman, a hedge-fund titan, worried that an asset-price bubble was emerging. He identified Tesla as one of the firms best exemplifying exuberance in the market. At the time, Elon Musk’s electric-vehicle company was worth around $30bn. Today its stockmarket value is $1. 3trn.

This article appeared in the Finance & economics section of the print edition under the headline “The merits of mania”

Discover stories from this section and more in the list of contents

He will face challenges from both America firsters and conservative mainstreamers

Shareholders are over the moon; bondholders are readying the whip hand

Policymakers at home and abroad are anxious about offshoring

India’s most consequential finance minister, who later became PM, has died aged 92

Investing in luxury goods was a bad move in 2024

We crunch the numbers to assess just how euphoric investors became in 2024

https://www.economist.com/finance-and-economics/2025/01/02/would-an-artificial-intelligence-bubble-be-so-bad

A source: www.economist.com/finance-and-economics/2025/01/02/would-an-artificial-intelligence-bubble-be-so-bad