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| The Wall Street Journal and other industry observers keep saying artificial intelligence investment is the one thing 'saving' President Donald Trump's stock market time and again, as Trump's economy plateaus or tanks other stocks. However, Asad Ramzanali, director of AI and technology policy at the Vanderbilt Policy Accelerator, says AI overinvestment and risky financial engineering have made an AI crash more likely. 'I started [my research] not assuming we're in a bubble, but that if we are, we should be prepared. As I got deeper into this, I became convinced that we are in a period of overinvestment where the money going out the door in the industry, which is primarily for data centers and chips, doesn't match the money coming in,' Ramzanali told Washington Monthly podcast, Senior Editor Anne Kim. |
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