BofA: AI ushers in a government-backed 'new era of bubbles,' with booms and busts becoming the norm.

Bank of America noted that every major technological leap since the 19th century has given rise to large-scale asset bubbles, and the scale of the AI revolution, supported by governments, is unprecedented. The rapid alternation of boom and bust is becoming the new normal, driven by the extreme expectations gap caused by artificial intelligence technology – the chasm between people's aspirations for an "abundant future" brought by AI and the reality is creating persistent volatility. Although timing is the most difficult aspect to predict, the eventual bursting of the AI bubble seems inevitable.

wallstreetcn10minutes ago

Elon Musk Says Sun Is 'Free' Fusion Reactor, Slams Companies 'Wasting Money' On Nuclear Energy: 'It Is Super Dumb...'

Benzinga20minutes ago

Tesla FSD Test: Driving Experience Enhanced, but Full Self-Driving Remains a Work in Progress

Barron’s recently conducted a real-world road test of Tesla's latest 'Full Self-Driving' system (Version 14). The test found significant improvements in driving smoothness, handling of everyday and complex road conditions, even making passengers feel more comfortable than with human drivers. Data shows a substantial increase in safe driving mileage.

Golden10 Data51minutes ago

Elon Musk publicly expressed skepticism about nuclear fusion, calling the construction of reactors 'incredibly foolish,' seemingly to advocate for photovoltaics.

①Elon Musk pointed out that the sun itself is already a massive, free nuclear fusion reactor in the sky. ②In the latest Space AI concept, there are plans to deploy 100GW of solar-powered AI satellites annually. ③In October this year, Tesla announced the start of production of its self-developed new solar panels.

cls.cn15:14

Elon Musk Says American Airlines Could Risk Losing Customers For This Reason: 'If Their Connectivity...'

Benzinga15:09

Morgan Stanley's Heavyweight Robotics Almanac: AI Moves Toward Physical Embodiment, Robots Experience 'Cambrian Explosion,' with China Showing Clear Leadership

Morgan Stanley predicts that by 2050, global robot hardware sales will surge from approximately USD 100 billion in 2025 to USD 25 trillion, with unit sales increasing from 24 million to 1.4 billion. China demonstrates a clear leading advantage, particularly in terms of policy support, control over key materials, and manufacturing capabilities. By 2050, China is expected to account for approximately 26% of global robot sales.

wallstreetcn14:12