Ray Dalio warned that AI is “eating everything,” but said the current boom could also collapse if the financial returns fail to match the massive investments.
Speaking on the All-In Podcast, the Bridgewater Associates founder said AI is rapidly reshaping industries across the global economy, yet the technology may not be producing adequate profits for the companies building it.
Dalio also noted that investors often confuse betting on a breakthrough technology with betting on the specific companies trying to monetize it, a mistake that has occurred during many past technological booms.