Once the AI bubble pops, we’ll all suffer. Could that be better than letting it grow unabated?
The article discusses the potential consequences of a bursting AI bubble, which could push the world into a recession. It highlights the current economic challenges, including employment and wage growth stagnation, rising loan delinquencies, and declining consumer confidence. The article also mentions the impact of the Trump administration's policies, such as the trade war with China and clampdown on migration, which have further exacerbated the economic situation. While the article suggests that the world economy is heavily dependent on the success or failure of artificial intelligence, it also raises the possibility that a bursting of the AI bubble could provide an opportunity to build something more promising from the pieces.
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