Reposted by Parker51
‘The sheer quantity of capital that has flowed into tech suggests that if and when investors decide a large-scale reappraisal is required, it is likely to be bloody. All the more so since much of it has been financed with debt which can turn a reappraisal into a panic.’ www.wsj.com/opinion/ai-m...
wsj.com
Opinion | The Market’s Rude Reminder on AI
Sooner or later investors will demand returns, and there will be losers.