Artificial Intelligence

Is there an AI bubble? Some key indicators point to one — and when bubbles burst, there can be massive shocks in the housing and job markets that last for years. This weekly tracker will compare current trends on Wall Street with historical averages.

Industrial policy is unavoidable, and the real question is whether an AI sovereign wealth fund is an effective way to support innovation and economic growth.

An AI sovereign wealth fund would concentrate political power, reinforce the AI bubble, and divert attention from more effective industrial and corporate tax policies.

While concerns about AI-driven inequality are valid, an AI sovereign wealth fund could concentrate power and wealth further, whereas stronger taxes, antitrust enforcement, and labor protections offer more direct solutions.

Narratives around AI, deficits, media consolidation, and social media ownership create confusion and misinformation that shape public opinion and strengthen right-wing political influence.

A venture that loses billions of dollars and is run entirely by a person who routinely says crazy things doesn’t sound like a trillion-dollar company, but Wall Street seems to think otherwise.

Past tech and housing crashes suggest that if the AI bubble bursts, economists will likely miss the warning signs again.

Elon Musk’s calls for a universal high income contradict his repeated claims that the government cannot afford Social Security and Medicare.

AI may create new, often wasteful industries that generate jobs rather than causing mass unemployment.

Even if AI boosts productivity, history shows the solution is shorter work time, not panic over mass unemployment.