We might be in an AI bubble, global finance watchdog chief says

Global finance could be in an artificial intelligence overvaluation bubble similar to the dotcom boom and the 2008 financial crisis, Financial Stability Board Secretary-General John Schindler told POLITICO. Schindler warned that asset valuations may not be appropriate amid feverish investment and record-high tech valuations.

BRUSSELS —Global finance could find itself in a bubble of artificial intelligence overvaluation akin to the dotcom boom and the 2008 financial crisis, a top official from global risk body the Financial Stability Board told POLITICO in an interview. John Schindler, secretary-general of the FSB, is the latest top official to add his voice to concerns over a possible AI bubble, amid feverish investment in and record-high valuations for tech-related companies. “One of the things that the financial system always faces is asset valuations and are they appropriate?” Schindler said, speaking from his office in Basel.