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US Treasury Secretary Bessent Says AI Has No Systemic Problems, Dot-Com Bubble Will Never RepeatDevelopments
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Bessent says there are no systemic problems in the AI industry
Source:Cailian Press
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Oct 22
Cailianshe
US Treasury Secretary Bessent Says AI Has No Systemic Problems, Dot-Com Bubble Will Never Repeat
US Treasury Secretary Bessent said at a closed-door meeting on Wednesday that there are no systemic problems in the artificial intelligence industry, that it cannot be compared at all to the dot-com bubble at the turn of the century, and predicted that AI will greatly boost productivity and significantly promote US economic growth. But he also acknowledged that data centers and AI companies have not done enough to explain the benefits of the technology to ordinary Americans; currently, more and more regions in the United States are beginning to oppose data center construction, and investors are increasingly questioning whether related stock prices are too high.