Dalio warns AI bubble has arrived, collapse could trigger political and economic turmoil Bridgewater founder Ray Dalio issued a stern warning on the 'CEO Diary' podcast, saying the AI frenzy has created a bubble akin to 1929, echoing Grantham's assessment of the 'biggest in history.' He pointed out that leveraged collateral will amplify the risk of a crash, and the wave of AI companies like SpaceX going public is puncturing the bubble. Even more concerning, the aftermath could ignite political conflicts—Britain's political instability is already a precursor. Institutions like Goldman Sachs have recently issued similar warnings.