World Economic Forum head warns of AI, crypto bubbles

Large investments in artificial intelligence and cryptocurrencies could lead to the development of bubbles, according to World Economic Forum president Børge Brende. “There is definitely a geopolitical disorder … But even in the situation of geopolitical disorder, the global economy has been incredibly resilient – not necessarily in Europe but in India, China and the USA,” Brende said in Berlin. He noted that this was being fuelled by investments in new technologies like AI. “This year has seen $US500 billion ($A762 billion) of investments in AI alone. So, what we can be worried about is that there may be bubbles…