Market Correction

Former Meta executive Nick Clegg suggests the AI sector may be headed for a market correction due to “unbelievable, crazy valuations” and the rapid pace of investment. He questions whether current valuations accurately reflect the underlying potential, highlighting the need for hyperscalers to realize returns on massive infrastructure investments. While acknowledging AI’s potential, Clegg expresses skepticism about “artificial superintelligence,” advocating for a more measured approach and noting that the adoption of AI may be slower than technologists predict.