Get ready to meet the 'love child' of the dot-com crash and financial crisis, tech guru Erik Gordon says

The end of the AI boom won't be pretty, business professor Erik Gordon says. Osmancan Gurdogan/Anadolu via Getty Images An AI slump will combine features of the dot-com crash and Great Financial Crisis, Erik Gordon says. The business professor said the AI boom couples extreme valuations with enormous contagion risk. Potential "losers" include banks, insurers, and investors in index funds and ETFs, Gordon said. The AI boom marries dangerous elements of internet mania and the mid-2000s credit bubble, raising the specter of a financial catastrophe, Erik Gordon says. "The next crash will look like the love child of the dot-com crash and the Great Financial Crisis," the entrepreneurship professor told Business Insider by email. Gordon, who teaches at the University of Michigan's Ross School of Business, said the AI boom "inherited the hype and overvaluations of the dot-com bubble." While the nascent technology is likely to create more value than the internet, he said, company valuations are so extreme that "most investors will get killed, just like most of the dot-com investors." Gordon, who researches topics such as technology commercialization and AI, said the "losers" from an AI cras