Former Meta Executive Warns AI Sector Showing Bubble Characteristics, Potential Correction Ahead
Former Meta executive Nick Clegg has raised concerns about potential AI market correction, citing “crazy valuations” and unsustainable dealmaking pace. The industry veteran pointed to massive capital requirements and technical limitations as factors increasing correction likelihood.
AI Investment Boom Shows Signs of Market Bubble, Former Meta Executive Warns
Former Meta Platforms executive Nick Clegg has expressed concerns that the artificial intelligence sector may be headed for a market correction, according to recent reports. The former president of global affairs at Meta reportedly told CNBC that the AI industry “certainly got some pretty prominent features of what looks like a bubble.”
