Simon Johnson and Piero Novelli

SIMON JOHNSON, A 2024 NOBEL LAUREATE IN ECONOMICS AND A FORMER CHIEF ECONOMIST AT THE INTERNATIONAL MONETARY FUND, IS A PROFESSOR AT THE MIT SLOAN SCHOOL OF MANAGEMENT. PIERO NOVELLI, A SENIOR LECTURER AT MIT SLOAN SCHOOL OF MANAGEMENT AND IMPERIAL COLLEGE LONDON, IS CHAIR OF THE SUPERVISORY BOARD OF EURONEXT.

Racks for data servers, GPUs and CPUs in a data centre. It is estimated that US$3 trillion to US$7 trillion will be invested in AI infrastructure in the next five years.

PERSPECTIVE

Manias, panics and AI

The history of investment booms suggests three questions that should be asked of the current one

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