Former Meta executive Nick Clegg says AI hype may be ahead of its time: ‘…could be headed for…’

Former Meta executive Nick Clegg believes a market correction in the AI sector is highly probable due to “unbelievable, crazy valuations” and rapid deal-making. He compared the current boom to the dot-com bubble, suggesting that while some major tech companies emerged stronger, the sustainability of massive infrastructure investments by hyperscalers remains a key question for the industry’s future.