[Ray Dalio: The Severity of the AI Bubble Comparable to the 1929 and 2000 Crashes] According to *Fortune* magazine, Bridgewater Associates founder Ray Dalio stated that the current AI market bubble exhibits characteristics similar to those preceding the Great Depression in 1929 and the dot-com crash in 2000. Ray Dalio agrees with Jeremy Grantham's assessment of the largest investment bubbles in U.S. history and pointed out that asset prices could plummet from $100 to $25. Rising interest rates and a surge in stock issuances are the triggering factors, with SpaceX having completed a large-scale IPO, and Anthropic and OpenAI racing toward IPOs with valuations of $100 billion. Goldman Sachs, Apollo, and BCA Research have acknowledged the existence of profit bubbles in the tech sector. Ray Dalio warned that the bursting of the bubble could become a catalyst for political divisions and geopolitical conflicts.