U.S. Media: Treasury Draft Report Warns AI Bubble Risk Comparable to Internet Bubble

Jin10 Data July 7 - According to a report by the U.S. digital news outlet NOTUS, a draft report from the U.S. Treasury Department will warn of risks in the AI market and compare its key characteristics to those of the dot-com bubble. The report, prepared by Treasury experts for Treasury Secretary Bessent, Fed Chair Warsh, and multiple federal financial regulatory agencies, has been completed for weeks and is currently awaiting formal approval before being submitted to its intended audience, with an eventual public release also expected. The report argues that compared to companies during the dot-com era, AI firms are now more deeply integrated into the U.S. economy. If financial conditions change, productivity targets are not met, or key bottlenecks such as supply chains hinder industry growth, the AI sector could pose significant risks to the entire financial system. The report points out that once infrastructure project financing dries up or long-term industry growth expectations fail to materialize, the AI industry will face considerable risks, which is very similar to the situation before the dot-com bubble burst. A Treasury spokesperson refuted the report's conclusions, stating they have not been reviewed and do not represent the department's policies or views. The spokesperson said: "The official position of the U.S. Treasury is that artificial intelligence will be a key driving force propelling America toward a new 'Golden Age.' AI promises unprecedented productivity gains, expanded economic opportunities, and empowerment for American workers and businesses."