Ray Dalio Says Illiquidity Will Crash The AI Industry - Here's My Take

What happened: In a recent interview, Ray Dalio gave a bearish view of the AI industry, adding details on how and when a crash could occur. Key numbers: Dalio points to a potential breaking point around 2027. Why it matters: The article cites mass conversion of paper wealth to cash, surging margin debt, and upcoming IPOs like Anthropic and OpenAI as late-cycle signals. The author suggests diversification and more cash, without going fully bearish.

In a recent interview, Ray Dalio gave a bearish view of the AI industry, adding details on how and when a crash could occur.

The article cites mass conversion of paper wealth to cash, surging margin debt, and upcoming IPOs like Anthropic and OpenAI as late-cycle signals. The author suggests diversification and more cash, without going fully bearish.