World Economic Forum Chair Warns: AI, Cryptocurrency, and Debt Could Form the Three Biggest Bubbles

BlockBeats News, November 6th, Bert Borgden, President of the World Economic Forum (WEF), said on Wednesday that the global financial markets may face three potential bubbles that deserve global attention. Borgden said during a visit to the financial center of Brazil, São Paulo: "In the future, we may see bubbles. One is the cryptocurrency bubble, the second is the AI bubble, and the third is the debt bubble." He added that since 1945, the debt levels of various countries have never been so high. Borgden pointed out that while AI is expected to bring significant productivity gains, it may also pose a threat to a large number of white-collar jobs. "In the worst case, we may see phenomena similar to the 'American Rust Belt' in major cities, where jobs that involve a significant number of back-office positions and white-collar workers are easily replaced by AI." He cited examples of recent layoff plans announced by companies such as Amazon and Nestlé as manifestations of this trend. (Jin Shi)