HKS Authors

See citation below for complete author information.

Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Aetna Professor of the Practice of Economic Policy

Abstract

Groundbreaking. Transformative. A new way to unlock human creativity and productivity. Tech CEOs have promised artificial intelligence will do many things for us. They’ve used these promises to justify billions of dollars of investment in building the language models and data centers needed to power AI.

Citation

Furman, Jason, and Shirin Ghaffary. "The Fact and Fiction Surrounding the AI Bubble." WAMU, November 11, 2025.