Who’s right - AI optimists or pessimists? Both, says Ray Dalio

Is AI leading us towards utopia - or its opposite? Is it fuelling a stock market bubble or will it change the world for the better? Depending on which expert you’re listening to, it could be either. But that kind of binary thinking misses a bigger point, says hedge fund manager Ray Dalio. Throughout history, transformative technologies, from the railroad to the internet, have tended to produce bubbles, and AI is no different. How societies manage the technology, he argues, will determine how the benefits - and downsides - are shared.