At the Forbes Global CEO Conference in Singapore on Oct 7, 2026, Bridgewater founder Ray Dalio warned that AI is a typical bubble, with a large amount of debt financing flowing into the sector and the bubble near a bursting point as interest rates rise. He also said policies such as wealth taxes that convert paper gains into cash could trigger a crash, noting tech giants' massive debt-funded investments, concentrated market gains, and bond yields at multi-decade highs while stock indexes set new records.