Chicago Fed’s Goolsbee Warns AI Boom Could Overheat Economy
Austan Goolsbee said the data-center buildout poses overheating risks and compared the AI boom with the dot-com bubble, warning that lofty growth expectations can lead to disappointment.
The massive data center buildout spree poses some overheating risks to the economy, Chicago Fed President Austan Goolsbee says in a Q&A at a Chicago event. He compares the recent AI boom to the dot-com bubble around 2000, and warns that lofty growth expectations can lead to disappointment. While he…