Ray Dalio says AI is 'eating everything' — and it might 'eat itself'

Billionaire Ray Dalio in Riyadh, Saudi Arabia in October. Amal Alhasan/Getty Images for Fortune Media Ray Dalio says AI might "eat itself" if massive spending fails to generate real profits. The billionaire investor says AI is reshaping industries but may not yet be producing "adequate profits." Dalio's comments come as a Citrini Research report revived fears about the AI boom. Ray Dalio warned that AI is "eating everything" — but said the boom could also "eat itself" if the money doesn't a...