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Billionaire investor Ray Dali also warned that investors over artificial intelligence have lit a “bubble” in US stocks that are similar to build-ups with.com at the beginning of the millennium.
Dal The Financial Times tells that “there is a risk of interest rates at the same time, the price has a higher price and that combination can trim the bubbles”.
The founder of the Hedge Fund Bridgewater Associates and one of the highest profile personalities on Wall Street, Dalio’s alert brings concern over whether this warning has gone too far in AI stocks in the United States. Investors are also concerned about the cost of taking higher orrow, concerns that federal reserve officials in December intensified their expectations to reduce the rate.
“There is a lot in common with where we were in 1998 or 1999 where we are on the cycle,” Dalio said. “In other words, there is a big new technology that will definitely change the world and succeed. However, some people are confusing that investments are successful. “
Saw a run -up in the late 1990s Technology Evaluation of small interest rates and internet -powered adoption, then a brutal correction as a strict financial policy of feeding Allan Greenspan.
The Tech-Bhary Nasdak 1 index doubled in 1, it was reduced by about 5 percent by October 2012. The index has doubled since the beginning of 2021 because the AI-centric chipmeaker Nvidia has gained higher strength.
Wall Street Stocks have gone back on Monday after DIPSEC, A Chinese AI Lieutenant hedge funds, published a paper that claims to perform the openingAI and meta platforms of its new AI model, including low cost and low sophisticated hardware. Nvidia has fixed the price of about $ 600bn market on Monday.
The apparent success of the DIPCC is questioned by the Silicon Valley Companies in the AI Data Center to question several hundred billion dollars of potential returns and China has been able to find any way to compete despite the restrictions on the import of high-chips in the United States.
Microsoft -backed OpenAI announced last week Investment plan Up to $ 500 billion in AI infrastructure. The company’s chatzipt Apple App Store had a top-rated free app until the DIPC Assistant was displaced on Monday.
Dalio, who retired as chairman of Bridgewater in 2021, was on the board, he had been in favor of economic busyness with China for a long time. He Writes last year “The original question is not me if I should invest in China so much”. However, he warned that the parts of the AI were abnormally high.
“Technical war between China and the United States is much more important than the technical war, not only for economic superiority but also for military superiority,” he said FT.
Dali also added, “Those who are going to pay attention to profit with sharp pencils cannot win that race.”
OpenAI founder Sam Altman wrote in X that the agency was losing $ 200 per month in the ChatzPT Pro plan due to unexpected heavy use by OpenAI founder Sam Altman this month.
US technology groups, such as investing, have promised to support American AI in his second term.
China has proposed financial support for its AI industry, which includes launching funds to support the embedded semiconductor industry. Meanwhile, former US President Joe Biden has increased billions of dollars for groups to make chips on American soil.
Dali also acknowledged that state support for AI developers was inevitable on the basis of the importance of winning worldwide nation, even if it came to the cost of profit.
“In our system, greaterly we are going to the principle of another industrial-jotel-plerk where there is government compulsory and government-influenced activity, because it is so important.”
“Capitalism alone – the purpose of lonely gain – can’t win this war.”
