Global Markets Slide as Alphabet CEO Warns of an Emerging AI Bubble
Global stock markets experienced a sharp downturn on Tuesday following cautionary remarks from Alphabet CEO Sundar Pichai, who warned of a potential artificial intelligence (AI) bubble building within the tech industry. His comments sparked a wave of sell-offs across major technology stocks, increasing investor anxiety just ahead of crucial earnings announcements and economic data releases. In an interview with the BBC, Pichai acknowledged that “ no company is going to be immune, including us ” if an AI bubble were to burst. He pointed out that the current surge in AI investment shows “ elements of irrationality ,” drawing comparisons to the irrational exuberance that fueled the dot-com bubble before its dramatic collapse in the early 2000s. These views mirror earlier warnings from JPMorgan CEO Jamie Dimon, who also cautioned that many AI-driven investments could eventually be “ lost ,” signalling overconfidence within the rapidly expanding AI sector. Asian Markets Take the Ha...