Ray Dalio says AI is 'eating everything' — and it might 'eat itself'

Source: Business Insider

Billionaire Ray Dalio in Riyadh, Saudi Arabia in October. Amal Alhasan/Getty Images for Fortune MediaRay Dalio says AI might "eat itself" if massive spending fails to generate real profits. The billionaire investor says AI is reshaping industries but may not yet be producing "adequate profits.