人工智能，一则严厉警告！

Core Viewpoint - Mohamed El-Erian, Chief Economic Advisor at Allianz, warns investors to prepare for significant personal losses in the AI sector, indicating a potential "credit accident" due to the current AI hype [1][2]. Group 1: AI Bubble Concerns - El-Erian and other financial leaders, including Goldman Sachs and Morgan Stanley, express concerns over high valuations in the AI sector, suggesting a market correction may be imminent as major tech companies reach historical valuation peaks [1][3]. - Increasing anxiety about an "AI bubble" is echoed by executives from various companies, with DeepL's CEO noting that valuations appear exaggerated and signs of a bubble are emerging [4]. - The report from Accel indicates that approximately $3.1 trillion in revenue is needed to offset projected capital expenditures of around $4 trillion for new AI data centers by 2030, raising concerns about the sustainability of such investments [5]. Group 2: Investment Trends and Market Reactions - Foreign investors have withdrawn nearly $4.6 billion from the South Korean stock market and $2.3 billion from Japanese stocks, reflecting a decline in enthusiasm for Asian AI concept stocks amid rising valuation concerns [1]. - Major tech companies like Nvidia and OpenAI are making multi-billion dollar investments to expand data center capacities, but there are doubts about the actual necessity and sustainability of these investments [6]. - Despite the concerns regarding an AI bubble, industry leaders maintain a long-term optimistic outlook on AI's potential, with Lyft's CEO acknowledging the revolutionary nature of AI while also recognizing the risks involved [6].