Monday, August 25, 2025

History Lesson: New Technologies and Asset Bubbles

The A.I.-Profits Drought and the Lessons of History
https://www.newyorker.com/news/the-financial-page/the-ai-profits-drought-and-the-lessons-of-history
Like the steam engine, electricity, and computers, generative artificial intelligence could take longer than expected to transform the economy.


Credit Fuels the AI Boom — and Fears of a Bubble
https://www.bloomberg.com/news/articles/2025-08-23/credit-fuels-the-ai-boom-and-fears-of-a-bubble-credit-weekly
https://finance.yahoo.com/news/credit-fuels-ai-boom-fears-153316716.html/ (Ungated)

‘It’s almost tragic’: Bubble or not, the AI backlash is validating what one researcher and critic has been saying for years
https://fortune.com/2025/08/24/is-ai-a-bubble-market-crash-gary-marcus-openai-gpt5