VALUING AI: Extreme Bubble, New Golden Era, or Both?
"Every past technology bubble has been identified in real time. Yet warnings were ignored. The ensuing losses appear not so much unsurprising as inevitable."
https://www.gmo.com/globalassets/articles/viewpoints/2026/gmo_valuing-ai-extreme-bubble---new-golden-era---or-both_1-26.pdf
