kapynPolicy & Regulation

NYU finance professor Damodaran warns an AI crash could hit harder than the dot-com bust

NYU finance professor Aswath Damodaran warns an AI crash could significantly exceed the dot-com bust. The current AI boom's reliance on debt-financed physical infrastructure, unlike the lighter dot-com era software, raises concerns about the scale of potential economic fallout. Damodaran also highlights the societal and economic disruption posed by AI's potential to replace entire job sectors.

The Decoder·Jun 20, 2026

Opening Kapyn…