« I know a bubble when I see one. »
That’s what Sen. Elizabeth Warren (D-MA), who led the push to create a new consumer financial regulator in the wake of the 2008 recession, told a crowd at a Vanderbilt Policy Accelerator event in Washington, DC on Wednesday. Warren warned of what she called « striking » parallels to that crisis in the AI industry. While she believes the technology has « enormous potential, » she warned that AI companies’ massive spending and borrowing practices are creating a tinderbox and Congress should step in.
Though the AI industry has grown rapidly, Warren said the pace isn’t keeping up with their spending, requiring the …
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