Merryn Talks Money

Jeremy Grantham Says AI Is Indeed a Classic Market Bubble

The GMO co-founder explains why most investing “premiums” boil down to value—and why AI’s promise doesn’t spare it from a painful shakeout.

Photographer: Dominika Zarzycka/NurPhoto/Getty Images

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On Merryn Talks Money, host Merryn Somerset Webb speaks with veteran investor Jeremy Grantham, co-founder of GMO and one of the market’s best-known bubble spotters. They discuss his new book, The Making of a Permabear: The Perils of Long-Term Investing in a Short-Term World, and why he believes artificial intelligence is a classic market bubble waiting to pop.