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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.

3 min. read

Startup recognized for milestones in cancer care
Marco Ruella in the Ruella Lab, collaborating with two lab technicians. Ruella is wearing a white lab coat and holding up a chemical sample. Two of his colleagues are observing the sample.

Marco Ruella, associate professor of medicine at PSOM and hematologist-oncologist at Penn Medicine, collaborates with his colleagues in the Ruella Lab.

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Startup recognized for milestones in cancer care

During the Penn Center for Innovation’s 10th annual Celebration of Innovation, viTToria Biotherapeutics was presented with the Startup of the Year Award for its remarkable progress in the development of promising treatment of T-cell lymphoma.

4 min. read

The path from labs to the marketplace
A model of teeth used for dental practice.

“We saw vast, untapped potential in dental medicine, where translating and commercializing academic discoveries still lags,” says Hyun (Michel) Koo, CiPD’s co-founder and director. “With mounting evidence linking oral and systemic health, we can turn CiPD’s innovations into real-world solutions that reduce the burden of oral diseases and improve overall health.” 

(Image: Courtesy of William and Phyllis Mack Institute for Innovation Management)

The path from labs to the marketplace

Penn’s William and Phyllis Mack Institute for Innovation Management helps scientists develop their business acumen and access partners to help bring their breakthroughs to market.

From the William and Phyllis Mack Institute for Innovation Management

2 min. read

How might AI shape the future of work?
Headshots of Konrad Kording (left) and Ioana Marinescu (right).

Konrad Kording and Ioana Marinescu. 

Image: Eric Sucar (left) and Carson Easterly (right)

How might AI shape the future of work?

Computer scientist Konrad Kording and economist Ioana Marinescu have developed an interactive model that incorporates assumptions from both their fields to predict how AI will affect wages, jobs, and the overall economy.

4 min. read