AI Is Probably a Bubble. Does It Really Matter?
Infrastructure bubbles don’t have to explode disastrously.
The Nvidia logo outside the company’s offices in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every weekday I look at the biggest stories in markets and economics, and explain what it all means for your money.
Let’s step away from the UK today (I feel you’re going to have had a glut of it by the time party conference season is over) to look at what’s going on in the wider world.