Graphic detail | Doom scroll How much wealth an AI stockmarket crash could destroy Our visual guide to how a bust that rivals the dotcom era could wipe out 8% of Americans’ household wealth

I NVESTORS HAVE a habit of getting carried away when new technologies arrive. Over the past 200 years breakthroughs have often led to stockmarket bubbles—and a subsequent correction.

One of the most dramatic was the “dotcom” crash at the turn of the millennium. Plenty of bank bosses and analysts now worry that today’s mania over artificial intelligence ( AI ) could meet a similarly dramatic end.

Market capitalisation of the S&P 500, as % of US GDP Q2 177% 150 100 ChatGPT rele

📰

Continue Reading on The Economist

This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.

Read Full Article →