AI bubble burst may trigger 2008-like banking crisis, says Gary Marcus
In a recent discussion, Gary Marcus raised critical flags about OpenAI's fiscal responsibilities as the stock market faces instability. He warned that the demise of leading AI firms could trigger extensive financial repercussions. Notably, Marcus compared the current climate to WeWork's disastrous decline, suggesting that Microsoft might pick up OpenAI at a bargain.
OpenAI might turn out to be the WeWork of AI and could be sold to a company such as Microsoft in a fire-sale, Gary Marcus, American cognitive scientist, psychologist, author, and entrepreneur, told ET in an interview. He said the fall of even one major company from the AI ecosystem, which some US policymakers believe has played a role in causing bond yields to spike through borrowed investments, will lead to a contagion effect for the world at large - and could even create a 2008-like crisis.Marcus, who was in India this week, has emerged as one of the world's most widely recognised and independent critics of the current generative-AI hype.US MarketsPowered ByAs on 17 Oct 2026, 01:30 AM ISTS&P 500 Top GainersTarga Resources294.90(4.37%)Diamondback Energy203.95(4.27%)EOG Resources158.01(4.20%)Kinder Morgan34.20(4.20%)Gainers»S&P 500 Top LosersSuper Micro Computer31.63(-9.86%)Coterra Energy32.56(-8.62%)Moderna218.01(-7.82%)Palo Alto Networks342.00(-7.63%)Losers»He called Anthropic "egregious" for calling out risks and asking for slowing down of AI while pressing ahead with its $2 trillion IPO.
