AI Boom: Rational Bubble or Investment Goldmine?

Mohamed El-Erian, a renowned economist, discusses the current AI boom, labeling it a rational bubble. He highlights the substantial value creation and real technological progress, unlike the dot-com bubble. However, he warns of potential losses and challenges, including overinvestment in foundational AI models and the lack of a clear national policy for AI integration. Despite these risks, El-Erian advises investors to adopt a venture capital approach due to the potential for significant payoffs.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.