Ray Dalio warns at Singapore conference that AI boom is a classic bubble nearing a bursting point

At the Forbes Global CEO Conference in Singapore on October 7, 2026, billionaire investor Ray Dalio warned that the artificial intelligence boom is a classic bubble nearing a bursting point. He cited rising interest rates and the increasing use of debt to finance AI investments as key factors. Dalio noted that a huge amount of debt is being taken out to fund AI, and as rates climb, the bubble begins to pop. He said the market is approaching that point. His comments come as tech giants spend heavily on AI and bond yields surge to multi-decade highs, despite equity markets reaching record highs.