Jeremy Grantham predictions about recession and AI

[funkervogt]

Grantham says the U.S. stock market is now in a bubble comparable to 1929 and 2000. The recent advances in AI have unexpectedly inflated the stocks of several tech companies, which altered his earlier prediction about when the bubble would burst. However, he thinks it will take longer for AI's full effect on productivity and science to start manifesting itself, so the current tech market rally will probably collapse, leading to a broader stock market collapse, and an economic recession within the next two years.

He predicts intelligent machines will eventually overpower humans.

Remarkable seeing him ponder AI's impact and factoring it into his economic modeling.