Bank of England, IMF, warn AI bubble risk has shades of 2000 dotcom crash — Goldman Sachs cautions we’re not there ‘yet’

Major banking institutions can’t agree on whether the AI industry is already a bubble or if we’re not quite there yet. Both the Bank of England (BOE) and International Monetary Fund (IMF) issued warnings this Wednesday that there was a risk of a sharp market correction akin to the dotcom era crash if AI investor mood turned sour. They highlighted soaring gold prices as an indicator that investors were hedging their bets, according to CNBC. Goldman Sachs is less concerned, claiming that while there is a…