Senator Elizabeth Warren just dropped a bomb at an event at the Vanderbilt Policy Accelerator. Her message is clear: the current explosion of artificial intelligence bears "striking" similarities to the 2008 financial crisis. According to her, a single misstep from the sector could trigger a devastating domino effect on banks, pensions, and insurers.
The mirage of debt and the opacity of credit
Warren's pointing out a major imbalance. AI companies are spending and borrowing at a record pace, far outstripping their actual revenues.