News › Markets  ·  17 Oct 2026, 9:56 AM IST  ·  3 days ago

AI bubble burst may trigger 2008-like banking crisis, says Gary Marcus

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In one line — 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 repe

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Source: Economic Times · AI-summarised by Anadi · Updated 17 Oct 2026, 10:42 AM IST

What Happened

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.