AI Bubble Warnings: BofA, OpenAI CFO, CoreWeave
BofA warns the AI bubble will burst with stocks AND yields falling together; OpenAI's CFO attacks cheap Chinese AI on safety grounds; CoreWeave's co-founder admits life insurers are the 'dumbest money' in the AI boom.
What we know
An account on X covers BofA's note warning the AI bubble burst will be unusual in that both stocks and yields will fall simultaneously, making hedging complex. OpenAI's CFO warned companies against adopting Chinese AI models on safety grounds, which frames this as OpenAI trying to kneecap cheap competition through a safety narrative. CoreWeave's co-founder reportedly admitted life insurers — who have poured private credit into AI infrastructure — are 'this bubble's dumbest money,' echoing another account on X's year-old warning that insurers will be 'this generation's widows and orphans.'
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.