Amid the rising exuberance around artificial intelligence, European Central Bank feels that a market correction on Wall Street is likely and could have far-reaching consequences due to limits in fiscal and monetary policy buffers to blunt the potential economic hit.
In a blog post titled 'The AI boom: rational enthusiasm or the next dot-com bubble?', ECB highlighted that the rise of artificial intelligence has driven a blistering rally in the tech sector, bringing valuations in the stock market to levels last seen during the dot-com bubble.
