Dalio Sees AI Bubble Bursting as Wealth Is Converted Into Money

Billionaire investor Ray Dalio said the booming artificial-intelligence market shows signs of a bubble that will eventually burst.

“All great technology changes produce bubbles,” Dalio, the founder of Bridgewater Associates, said Wednesday in a Bloomberg Television interview. “Nobody can get it exactly right. You have to either spend a ton of money to capture your market share and don’t worry about whether it’s too much or not, or you don’t spend enough money and you lose your market share.”