"Head of largest US bank warns of risk of American stock market crash”, #TheGuardian
"Jamie Dimon, chair of JPMorgan Chase, said he was ‘far more worried than others’ about serious market correction”.
"Meanwhile, concerns are increasingly being aired that a stock market bubble has been created by high valuations of AI companies, with the Bank of England stating on Wednesday that there is a growing risk of a 'sudden correction' in global markets.”
"Dimon conceded that some of the money being invested in AI would 'probably be lost'.
He added: 'The way I look at it is AI is real; AI in total will pay off – just like cars in total paid off, and TVs in total paid off, but most people involved in them didn’t do well.’"
#Business #Finance #Economy #StockMarket #JamieDimon #AI #MarketCorrection #MarketCrash
