In a post I published last year (here), I argued that the staggering capital deployment into artificial intelligence was economically unjustifiable. Years later, the ROI remains nowhere to be found. Instead of a productivity revolution that justifies trillion-dollar valuations, the market has double...

The managing director of the IMF and a new report from the Bank of England have joined a growing chorus of institutions issuing a stark warning: we are in an AI bubble, and it could be set to burst. The Bank of England’s Financial Committee stated, “equity market valuations appear stretched, particu...