Finance expert Aswath Damodaran's warning on AI crash: 'When the correction comes, the pain will be more intense' (opens original article in a new tab)

NYU professor Aswath Damodaran warns that a potential AI market correction could be more severe than the dot-com crash due to debt-funded infrastructure investments, with risks extending beyond financial markets to broader society, similar to the 2008 crisis.

• NYU professor Aswath Damodaran warns AI market correction could be worse than dot-com crash
• AI boom driven by debt-funded infrastructure spending, unlike dot-com era
• Damodaran compares AI correction risks to 2008 financial crisis in terms of societal impact
• He notes current AI investments involve massive capital commitments and could lead to broader economic distress