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Is there an AI bubble and what happens if it bursts?
Traders at the New York Stock Exchange looking at monitors.

Wall Street rides an AI-fueled rally that has pushed major indices to new highs that’s driven largely by a handful of dominant tech firms. As enthusiasm around artificial intelligence reshapes markets and concentrates risk, questions are mounting about whether the surge reflects durable growth or the familiar shape of a speculative bubble. Wharton finance crises expert Itay Goldstein explains how bubbles form, why they can be so dangerous, and what today’s AI boom shares—and does not—with past market madness like the one described in “The Big Short.”
 

(Image: Getty / Spencer Platt)

Is there an AI bubble and what happens if it bursts?

Wharton’s Itay Goldstein discusses financial bubbles, the mechanics of betting against them, and the risks facing the AI boom.
Reflecting on Jane Austen, 250 years after her birth
Jane Austen book by Robert Miles and Mansfield Park by Jane Austen.

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Reflecting on Jane Austen, 250 years after her birth

English professors Michael Gamer and Barri Joyce Gold have been teaching courses specifically dedicated to Jane Austen for years. They spoke with Penn Today about their approach to teaching her novels, how they challenge common readings and myths, and what makes Austen’s work so enduring—and adaptable to the screen—more than two centuries later.