Is This the Top of the Economic Cycle? w/ Eric Johnston
Real Vision: Finance & Investing
Why AI won’t avoid a recession
Investors believe AI will be revolutionary and want to profit from it, causing a surge in investments in select AI-related companies. However, technology has both a secular and cyclical aspect to it, and history has shown that technological advancements can be impacted by recessions. For example, the launch of the iPhone in 2007 coincided with the global financial crisis, and the dot-com bubble in the late 90s eventually led to a recession. While there may be short-term money-making opportunities in AI, it may not be able to withstand a recession.
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