Stock options: how to hedge an AI bubble

如何对冲 AI 泡沫

The Intelligence from The Economist

2026-02-13

22 分钟
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Tech firms are spending so much on artificial intelligence that investors are getting nervous. Our correspondent explains whether it is possible to protect your portfolio from a crash. Turkey’s ruler has become increasingly autocratic–and increasingly old. Who might succeed him? And celebrating the life of literary agent Georges Borchardt.    Guests and host: Rosie Blau, host of “The Intelligence”Josh Roberts, capital markets correspondentPiotr Zalewski, Turkey correspondentJon Fasman, senior culture correspondent Topics covered:  Hedging against an AI bubbleTurkey after ErdoganObituary of literary agent Georges Borchardt Listen to what matters most, from global politics and business to science and technology—Subscribe to Economist Podcasts+ For more information about how to access Economist Podcasts+, please visit our FAQs page or watch our video explaining how to link your account. Hosted on Acast. See acast.com/privacy for more information.
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  • The Economist.

  • Hello and welcome to The Intelligence from The Economist.

  • I'm your host Rosie Blau.

  • Every weekday we provide a fresh perspective on the events shaping your world.

  • Turkey has been ruled by one man since 2003.

  • He's become increasingly autocratic and also increasingly old.

  • Now minds are turning to who might eventually succeed him.

  • And a French émigré from Nazi Europe,

  • Georges Borchardt turned his childhood love of reading into a career.

  • As a literary agent he discovered Samuel Beckett, Elie Wiesel and many more.

  • Our senior culture writer remembers his life.

  • First up though.

  • Alphabet, Amazon, Meta and Microsoft plan to spend a combined total

  • of $660 billion on AI over the next year.

  • Those massive sums signal the enormous hopes being pinned on the technology.

  • Yet they also make people nervous, because that's a lot of cash to put in

  • before those firms are getting very much out.

  • Making some fear that the price of stocks in the companies

  • going big on artificial intelligence could actually be artificially high.

  • In recent weeks we've seen big companies announce