NYU finance professor Damodaran warns an AI crash could hit harder than the dot-com bust
NYU finance professor Aswath Damodaran believes a potential AI crash would be more painful than the bursting of the dot-com bubble because the industry is building massive amounts of debt-financed physical infrastructure rather than lightweight software. Even if AI succeeds, he sees a problem. The actual business model is to replace entire jobs, with unclear consequences for society. The article NYU finance professor Damodaran warns an AI crash could hit harder than the dot-com bust app
Overview
NYU finance professor Aswath Damodaran believes a potential AI crash would be more painful than the bursting of the dot-com bubble because the industry is building massive amounts of debt-financed physical infrastructure rather than lightweight software. Even if AI succeeds, he sees a problem. The actual business model is to replace entire jobs, with unclear consequences for society.
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The article NYU finance professor Damodaran warns an AI crash could hit harder than the dot-com bust appeared first on The Decoder.
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Originally published at the-decoder.com.
