Ray Dalio says AI could be both the next big bubble and a real technological revolution

Olivier__OG · x · 2026-09-21

Bridgewater founder Ray Dalio argues AI could simultaneously be the next big bubble and the next great technological revolution.

History shows transformative technologies can create enormous economic value while fueling speculation and unrealistic expectations, and AI may follow the same path: some investments will fail even as the technology reshapes entire industries.

The real question, per Dalio, is not whether AI will change the world but how we manage that transformation and ensure its benefits extend beyond a handful of companies — a technology can be revolutionary without every investment in it being justified.

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