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Former Meta Executive Warns of Potential AI Market Correction Amid Investment Frenzy

Former Meta executive Nick Clegg has raised concerns about the artificial intelligence sector potentially heading for a correction. According to his analysis, the AI industry displays several characteristics of a market bubble with “unbelievable, crazy valuations” emerging from intense corporate competition.

AI Investment Boom Shows Signs of Potential Correction

Former Meta Platforms executive Nick Clegg has warned that the artificial intelligence sector may be headed for a market correction, citing what he describes as bubble-like characteristics in current investment patterns. According to reports, Clegg stated during a CNBC interview that the race among companies to dominate AI has resulted in “unbelievable, crazy valuations” that could prove unsustainable.