When will the AI bubble burst? - Ruchir Sharma

In this interview, Nicolai Tangen speaks with Ruchir Sharma about the changes in capitalism over the last year, with a focus on the increasing role of government and the impact of AI on the US economy. Sharma expresses concern over the socialization of risk and the over-reliance on AI for economic growth, noting that a significant portion of recent growth is tied to AI-related investments and wealth effects. They discuss whether AI is creating a bubble, the potential for productivity increases, and the public's mixed feelings towards AI. Sharma also shares his perspective on the US's economic rivalry with China, the debt burden, and the potential for international markets to outperform the US, predicting a comeback for quality stocks and a possible bursting of the AI bubble due to rising interest rates.