AI Bubble Warning: Economist Who Predicted 2008 Crash Sounds Alarm
Steve Keen warns AI bubble may burst soon—builders face funding squeeze. New tools, research, and industry takes in today’s Signal.
The story of the day
Steve Keen, the economist famed for predicting the 2008 financial crisis, now warns the AI bubble is nearing its bursting point. His assessment aligns with rising concerns from analysts like Myrmikan Research, which ties AI debt risks to potential Fed bailouts—a scenario builders should watch closely. For startups relying on inflated valuations or cheap capital, the clock may be ticking. The signal: prepare for a funding winter, not a perpetual spring.
New tools & launches
RNet — AI token service provider for cross-platform credit usage. Open-source gateway for developers to integrate. [HN]
NamingCube — AI name generator with trademark/availability checks. Free tier available. [HN]
Models & research
Invisible to the Machine (arXiv) — Audits AI recommendation systems against a complete census, revealing bias patterns in real-world deployments. Open-access. [arXiv]
Science at LLM Speed — Explores how LLMs accelerate research workflows, with case studies on automation in lab settings. Open-source insights. [Blog]
Industry pulse
Steve Keen’s AI bubble warning echoes 2008: overvalued assets, speculative bets, and systemic risk. Meanwhile, Myrmikan Research’s report on AI debt failure suggests taxpayers may foot the bill—again. Builders: tighten belts.
Stat of the day
Young people’s trust in AI is plummeting, with 60%+ skeptical of billionaire-backed AI narratives, per a TechRadar survey. The gap between hype and adoption widens.
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