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Ray Dalio Reportedly Warns AI Bubble Is ‘Close’ To Bursting As Rising Rates Test Debt-Fueled Spending
Stocktwits ·
Stocktwits reports: Bridgewater Associates founder Ray Dalio warned Wednesday that artificial intelligence (AI) has become a “classic bubble” and said markets are approaching a point where rising interest rates could trigger an unwind. “We’re in the part of the cycle that is before that but approaching that,” Dalio said at the Forbes Global CEO Conference in Singapore, according to Bloomberg. “I think we’re close to that.” Dalio said a large amount of debt is being raised to fund AI…