New WEF Head Warns of Potential AI, Crypto Bubbles

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The large investments in artificial intelligence (AI) and cryptocurrencies pose risks of bubble formation, which could lead to enormous spikes in certain investments, but also sharp price drops. This is according to World Economic Forum (WEF) President Børge Brende in an interview with the German press agency dpa.

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New technologies such as artificial intelligence and cryptocurrency drive the global economy. This has advantages, says the head of the World Economic Forum. But he also finds admonishing words.

Business Insider (Spain)

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Everyone is more or less in agreement that the enthusiasm that artificial stock exchange intelligence is generating is likely to cause a bubble to form. However, while the US Federal Reserve (Fed) is willing to continue cutting interest rates, one might even wonder: and what happens?In other words, even with high valuations, the famous saying in the market of "don't go against the Fed" may turn short-term into a prudent advice.When interest rate…

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Faced with huge investments in artificial intelligence and cryptocurrencies, the head of the World Economic Forum (WEF), Børge Brende, warns of the dangers of bubble formation. Despite geopolitical crises, the global economy has been remarkably resilient, said Brende of the German Press Agency in Berlin. "However, this economy is driven by investments in new technologies such as AI," stressed the Norwegian ex-foreign minister. "This year alone, …