The AI boom won't prevent a recession, according to Jeremy Grantham.
Stock prices will fall when that economic slump hits, the legendary investor added.
"Personally, I think AI is very important," the GMO cofounder said.
And we will have a recession running perhaps deep into next year and an accompanying decline in stock prices."
AdvertisementAdvertisement"It may start in 2023," Grantham added, in response to a question about when the recession is likely to begin.
Persons:
Jeremy Grantham, hasn't, Bloomberg's David Rubenstein, Grantham, Grantham –, he's, We're
Organizations:
Bloomberg, Service, Grantham
Locations:
Wall, Silicon, ChatGPT