Dalio: The AI bubble is nearing its bursting point.

Billionaire Ray Dalio warns that the AI sector is a classic bubble, and that with rising interest rates and the need to cash out wealth, the bubble is not far from bursting. Speaking Wednesday at the Forbes Global CEO Conference in Singapore, Dalio said a large amount of debt financing is flowing into the AI sector. As interest rates continue to climb, the bubble will begin to burst. The founder of Bridgewater Associates said: "We are still in the stage before the bubble bursts in the cycle, but we are already very close to the critical point. I think it's not far off."