Is the AI Boom a Bubble?

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There is little doubt that the U.S. economy is benefitting from an AI-related boom. Since the launch of ChatGPT three years ago, seven U.S. technology companies are responsible for more than half of stock market growth. Forty percent of U.S. GDP growth this year can be attributed to investments in AI.

But a growing number of economists worry that the United States’ AI moment could be a bubble. Jared Bernstein is one such skeptic. The former chair of the Council on Economic Advisers joined FP Live to explain his worries about the AI ecosystem and discuss how that might be masking other problems in the U.S. economy.

Highlights from Jared Bernstein

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A person interacts with a robotic hand at Robot Mall in Beijing on Aug. 4.

Is the AI Economy a Bubble?

Economist Jared Bernstein warns that revenues simply aren’t catching up with sky-high valuations.

Insider  |  Ravi Agrawal

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