On Wednesday, Nick Clegg, a former Meta executive who also served as the UK's Deputy Prime Minister, sounded the alarm, cautioning that the artificial intelligence (AI) sector is highly prone to a market correction. He also cast doubt on the notion of artificial superintelligence. Clegg emphasized that the potential for a market correction hinges on whether major hyperscale firms can recover the hundreds of billions of dollars they've poured into data center construction and demonstrate the long-term viability of their business models, a concept deeply rooted in the Western business culture where investors seek tangible returns and sustainable growth.
