Nicola Willis Discusses AI’s Potential Impact on Global Markets

Speculation is rising that an upcoming market crash may be triggered by an overhyped AI boom, as noted by OpenAI’s Sam Altman, who believes investors are excessively excited about AI despite its significance. New Zealand’s Finance Minister, Nicola Willis, recognizes potential risks from international market volatility, high energy prices, and sudden financial shocks, including a possible AI-related downturn. The country has faced several major financial crises over the past 40 years, highlighting its vulnerability. Historical events include the 1987 share market crash, the Dotcom bust, and the Global Financial Crisis.

Want More Context? 🔎