• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Ray Dalio, founder of Bridgewater Associates LP
EconomyBulls and doomers are both right, says Ray Dalio—AI will be ‘miraculous’ for productivity but fuel a ‘devastating’ bubble and wealth inequality

“It is going to be one of the biggest productivity-enhancing, changing-the-world forces, and also a bubble that is going to have devastating effects on many people as it works itself through this.”

By Eleanor PringleSeptember 22, 2026
Photo: President Trump
Newsletters
Suddenly, polls show the Democrats in sight of taking the Senate in the midterms
By Jim EdwardsSeptember 22, 2026
dr
Success
Private-equity legend David Rubenstein on owning the Baltimore Orioles, and how sports ownership became big business
By David M. RubensteinSeptember 22, 2026
Apple’s first 50 years: Charts show how the iPhone maker became a $4.85 trillion giant
Magazine
Apple’s first 50 years: Charts show how the iPhone maker became a $4.85 trillion giant
By Indrani SenSeptember 22, 2026
Latest
The true leadership lesson of Apple’s ‘think different’ campaign3 minutes ago
Anthony Scaramucci: why I was wrong to scoff at ‘the Battle of Seattle’ in 19993 minutes ago
Tony Robbins and Christopher Zook on ‘the holy grail of investing’ and the game-changing era of defense tech3 minutes ago
Current price of silver as of Tuesday, September 22, 202633 minutes ago
The AI race should be less about supremacy and more about sustainability
Newsletters
The AI race should be less about supremacy and more about sustainability
By Diane BradySeptember 22, 2026
Americans are turning to AI to survive a brutal housing market—37% would let it buy their next home with ‘minimal human involvement’
Real Estate
Americans are turning to AI to survive a brutal housing market—37% would let it buy their next home with ‘minimal human involvement’
By James LaForgeSeptember 22, 2026
‘Skills nobody can take’: Meet a 20-year-old with a 4.5 GPA who skipped college for technical school to land an ‘AI-proof’ career
Success
‘Skills nobody can take’: Meet a 20-year-old with a 4.5 GPA who skipped college for technical school to land an ‘AI-proof’ career
By Muskaan ArshadSeptember 22, 2026
Meet the wealth manager who built a $38 billion firm and gave $100 million to the MBA program that launched him
Success
Meet the wealth manager who built a $38 billion firm and gave $100 million to the MBA program that launched him
By Sydney LakeSeptember 22, 2026
Steve Jobs made Apple iconic. Tim Cook made it a $5 trillion behemoth
Magazine
Steve Jobs made Apple iconic. Tim Cook made it a $5 trillion behemoth
By Phil WahbaSeptember 22, 2026
alex
Investing
The Madness of Markets: How a French soccer defeat and a €10 billion stock meltdown led me to a hidden world of behavioral finance
By Alex EdmansSeptember 22, 2026
The U.S. is backing a $14 billion cable to keep Southeast Asia’s internet out of China’s reach
Asia
The U.S. is backing a $14 billion cable to keep Southeast Asia’s internet out of China’s reach
By Angelica AngSeptember 22, 2026
Trump and Mamdani
Politics
Mamdani confronts Trump with ‘all the members of the press’, hours after CNN, MS NOW and Politico sue over White House ban
By Catherina GioinoSeptember 22, 2026
Newsletters
MarketsBy Jim Edwards
alt
Suddenly, polls show the Democrats in sight of taking the Senate in the midterms
CEO DailyBy Diane Brady
alt
The AI race should be less about supremacy and more about sustainability
Fortune TechBy Andrew Nusca
alt
Amazon and Meta exchange agentic fire
MPW DailyBy Emma Hinchliffe
alt
The workplace is still overlooking one of women’s most painful health conditions
Fortune Workplace InnovationBy Kristin Stoller
alt
This startup is paying employees to post on LinkedIn—and solving its hiring problem
Next to LeadBy Ruth Umoh
Toast’s CMO is also its COO. Here’s how she makes room for both jobs
Fortune Daily Episodes
Video ThumbnailPlay23:46
Why Viral Views Don’t Equal a Business (And What Does) | Fortune DailySeptember 20, 2026
Video ThumbnailPlay22:01
How Lucy Guo Became a Self-Made AI Billionaire | Fortune DailySeptember 16, 2026
Video ThumbnailPlay15:29
Inside Gap’s High-Stakes Comeback | Fortune DailySeptember 15, 2026
Video ThumbnailPlay24:34
Inside The Secret Economy of Billionaire Travel | Fortune DailySeptember 14, 2026
Video ThumbnailPlay20:47
Why ChatGPT’s Founder Wants to Pump the Brakes on AI | Fortune DailySeptember 13, 2026
Video ThumbnailPlay25:01
Who Really Controls the Future of AI?September 2, 2026
Video ThumbnailPlay21:46
Can We Trust OpenAI to Protect Our Power Grid? September 1, 2026
Video ThumbnailPlay24:32
Temu’s Fake AI Influencer Problem ExposedAugust 31, 2026
Video ThumbnailPlay19:28
The End of Privacy? Flock Safety ExplainedAugust 30, 2026
Video ThumbnailPlay05:12
Today's Big Number | Powered by RampAugust 27, 2026
AI
Ray Dalio, founder of Bridgewater Associates LP
Economy
Bulls and doomers are both right, says Ray Dalio—AI will be ‘miraculous’ for productivity but fuel a ‘devastating’ bubble and wealth inequality
By Eleanor PringleSeptember 22, 2026
Steve Jobs made Apple iconic. Tim Cook made it a $5 trillion behemoth
Magazine
Steve Jobs made Apple iconic. Tim Cook made it a $5 trillion behemoth
By Phil WahbaSeptember 22, 2026
Jensen Huang, chief executive officer of Nvidia Corp., speaks to members of the media.
AI
‘They must be doing it for ulterior reasons’: Jensen Huang says AI leaders are ‘irresponsible’ for scaring the public with ‘doomsday narratives’
By Joshua HongSeptember 21, 2026
U.S. and China propose AI risk notification mechanism ahead of Trump-Xi talks
AI
U.S. and China propose AI risk notification mechanism ahead of Trump-Xi talks
By The Associated Press and Matt SedenskySeptember 21, 2026
Fortune 500: Titans and Disruptors of Industry
Video ThumbnailPlay46:06
Sam Altman: Safety Standards 'Not at a Place' to Push AI Capabilities Much FurtherSeptember 11, 2026
Video ThumbnailPlay44:15
Why GM's CEO Mary Barra is Still Bullish on Electric VehiclesSeptember 9, 2026
Video ThumbnailPlay60:32
Bill Ackman's takes on Mamdani, Trump and investing in the age of AIAugust 4, 2026
Video ThumbnailPlay47:13
FedEx CEO on How AI Can Fix a $1.8 Trillion Global Supply Chain ProblemJuly 14, 2026
Video ThumbnailPlay55:39
$4 Trillion Savings Gap: TIAA’s CEO on The Retirement Crisis June 16, 2026
Video ThumbnailPlay49:12
Qualcomm's AI takeover | Titans and DisruptorsMay 5, 2026
Video ThumbnailPlay43:48
Delta: Bankrupt to Billions | Titans and DisruptorsMarch 31, 2026
Video ThumbnailPlay37:04
The End of Work: Vinod Khosla's Bold AI Prediction | Titans and DisruptorsMarch 3, 2026
Video ThumbnailPlay29:19
Google’s AI boss made OpenAI issue code red. Now he wants to solve disease. | Titans and DisruptorsFebruary 10, 2026
Video ThumbnailPlay48:34
Pfizer CEO took on COVID. Now he wants to cure cancer | Titans and DisruptorsJanuary 27, 2026
Success
dr
Success
Private-equity legend David Rubenstein on owning the Baltimore Orioles, and how sports ownership became big business
By David M. RubensteinSeptember 22, 2026
‘Skills nobody can take’: Meet a 20-year-old with a 4.5 GPA who skipped college for technical school to land an ‘AI-proof’ career
Success
‘Skills nobody can take’: Meet a 20-year-old with a 4.5 GPA who skipped college for technical school to land an ‘AI-proof’ career
By Muskaan ArshadSeptember 22, 2026
Meet the wealth manager who built a $38 billion firm and gave $100 million to the MBA program that launched him
Success
Meet the wealth manager who built a $38 billion firm and gave $100 million to the MBA program that launched him
By Sydney LakeSeptember 22, 2026
MrBeast, aka Jimmy Donaldson during a visit to "Fox & Friends" at Fox News Channel Studios on September 03, 2026 in New York City.
Success
Billionaire YouTuber MrBeast spent $10 million building a village in Ghana—he says viewers watch philanthropy videos less but ‘I’ll keep making them’
By Eleanor PringleSeptember 21, 2026
Term Sheet Podcast
Video ThumbnailPlay35:27
Inside Wonder's Plan to Automate Restaurants: From Robotic Kitchens to Drone Delivery | Term SheetAugust 26, 2026
Video ThumbnailPlay46:00
This Mentalist Says He’s Training ChatGPT to Hypnotize People | Term SheetAugust 13, 2026
Video ThumbnailPlay32:19
How this multi-millionaire investor spots billion-dollar ideas | Term SheetJune 23, 2026
Video ThumbnailPlay52:40
The Investor Who Bet on SpaceX, OpenAI and Anthropic Before You Could | Term SheetJune 10, 2026
Video ThumbnailPlay39:46
The $2B AI tool automating Wall Street | Term SheetMay 27, 2026
Video ThumbnailPlay35:06
This creator investor on the truth about the AI gold rush | Term SheetMay 13, 2026
Video ThumbnailPlay36:26
From a Palo Alto closet to $1 billion revenue: how Gusto cracked small business software | Term SheetMay 7, 2026
Video ThumbnailPlay29:02
The Startup Fighting to Save the American Farm with Modern Finance | Term SheetApril 7, 2026
Video ThumbnailPlay51:28
How Winston Weinberg built his $11 billion AI Company | Term SheetMarch 17, 2026
Video ThumbnailPlay26:02
Why revenue is an outdated metric | Term SheetFebruary 18, 2026
From the Magazine
MagazineNo. 1 on the Fortune Global 500: Amazon’s Jeff Bezos on how his garage startup became the largest company in the world by revenue

As Amazon pours $200 billion into AI this year, Bezos says the company’s next act will define the next decade.

By Kristin StollerJuly 28, 2026
How Wistron’s early Nvidia bet made it an unsung winner of the AI boom—and one of the biggest risers on this year’s Global 500
Magazine
How Wistron’s early Nvidia bet made it an unsung winner of the AI boom—and one of the biggest risers on this year’s Global 500
By Nicholas GordonJuly 28, 2026
Can a global car company survive today’s complicated world? Nissan hopes to find out
Magazine
Can a global car company survive today’s complicated world? Nissan hopes to find out
By Andrew StaplesJuly 28, 2026
Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom
Magazine
Meet SLB: The $70 billion oil services giant poised to cash in on AI data centers and the post-Strait of Hormuz oil exploration boom
By Jordan BlumJuly 24, 2026
ackman
Magazine
The American Dream according to Bill Ackman
By Jeff John RobertsJuly 20, 2026
Energy
Current price of oil as of Sept. 22, 2026
Personal Finance
Current price of oil as of September 22, 2026
By Joseph HostetlerSeptember 22, 2026
China suffers another setback in effort to de-dollarize global finance as anchor in the greenback’s dominance quietly exits Beijing’s payment scheme
Middle East
China suffers another setback in effort to de-dollarize global finance as anchor in the greenback’s dominance quietly exits Beijing’s payment scheme
By Jason MaSeptember 21, 2026
Current price of oil as of Sept. 21, 2026
Personal Finance
Current price of oil as of Sept. 21, 2026
By Joseph HostetlerSeptember 21, 2026
Iran’s economy faces another blockade: Red tape and gridlock are clogging up land routes that bypass the U.S. Navy’s Hormuz stranglehold
Middle East
Iran’s economy faces another blockade: Red tape and gridlock are clogging up land routes that bypass the U.S. Navy’s Hormuz stranglehold
By Jason MaSeptember 20, 2026
Fortune Rankings
Fortune Southeast Asia 500
Fortune Southeast Asia 500
By FortuneJune 15, 2026
Fortune 500
Fortune 500
By FortuneJune 3, 2026
Most Powerful Women
Most Powerful Women
By FortuneMay 27, 2026
Fortune 100 Best Companies to Work For
Fortune 100 Best Companies to Work For
By FortuneApril 1, 2026
Leadership
The AI race should be less about supremacy and more about sustainability
Newsletters
The AI race should be less about supremacy and more about sustainability
By Diane BradySeptember 22, 2026
dr
Success
Private-equity legend David Rubenstein on owning the Baltimore Orioles, and how sports ownership became big business
By David M. RubensteinSeptember 22, 2026
‘Skills nobody can take’: Meet a 20-year-old with a 4.5 GPA who skipped college for technical school to land an ‘AI-proof’ career
Success
‘Skills nobody can take’: Meet a 20-year-old with a 4.5 GPA who skipped college for technical school to land an ‘AI-proof’ career
By Muskaan ArshadSeptember 22, 2026
Meet the wealth manager who built a $38 billion firm and gave $100 million to the MBA program that launched him
Success
Meet the wealth manager who built a $38 billion firm and gave $100 million to the MBA program that launched him
By Sydney LakeSeptember 22, 2026
From Pilot to Profit
AIAI agents are flattening corporate hierarchies. Here’s how companies—and managers—can develop a new playbook

Around 41% of employees say their companies trimmed management layers last year, according to Korn Ferry.

By Sharon GoldmanJune 9, 2026
Artistic drawing of two employees using several tools at once
AI
Why dbt Labs CEO views AI efficiency and creativity as the same thing
By Sage LazzaroJune 9, 2026
Reward or threat? Omnisend offers quarterly raises for employees who use AI to drive business impact—and says those who don’t will get left behind
AI
Reward or threat? Omnisend offers quarterly raises for employees who use AI to drive business impact—and says those who don’t will get left behind
By Sage LazzaroJune 9, 2026
Artistic rendering of complex systems being simplified by two workers
AI
How Lumen’s ‘maniacal focus’ on KPIs drove measurable AI impact across use cases and the company at large
By Sage LazzaroJune 9, 2026
Artistic rendering of a hacker trying to gain access to a worker's computer
AI
AI is supercharging cyberattacks—and most companies aren’t ready
By Beatrice NolanJune 9, 2026
Features
Sam Altman on the burden of leading OpenAI amid AI safety concerns: ‘You get used to anything’
AI
Sam Altman on the burden of leading OpenAI amid AI safety concerns: ‘You get used to anything’
By Fortune EditorsSeptember 15, 2026
Thumbnail image for Fortune Titans and Disruptors of Industry podcast reads, "Losing Control of AI?" and depicts Fortune Editor-in-Chief Alyson Shontell and OpenAI CEO Sam Altman in conversation on a podcast.
AI
Exclusive: Sam Altman addresses AI doomsday fears in new interview
By Alyson ShontellSeptember 12, 2026
Exclusive: OpenAI’s Sam Altman hints at pact with other AI companies to address safety risks
AI
Exclusive: OpenAI’s Sam Altman hints at pact with other AI companies to address safety risks
By Alexei OreskovicSeptember 12, 2026
Apple unveils $2,000 iPhone Duo, its first foldable smartphone
Big Tech
Apple unveils $2,000 iPhone Duo, its first foldable smartphone
By Sebastian HerreraSeptember 9, 2026
Real Estate
Americans are turning to AI to survive a brutal housing market—37% would let it buy their next home with ‘minimal human involvement’
Real Estate
Americans are turning to AI to survive a brutal housing market—37% would let it buy their next home with ‘minimal human involvement’
By James LaForgeSeptember 22, 2026
Today’s home equity loan and HELOC rates, Sept. 22, 2026
Personal Finance
Today’s home equity loan and HELOC rates, Sept. 22, 2026
By Joseph HostetlerSeptember 22, 2026
Current refi mortgage rates report for Sept. 22, 2026
Personal Finance
Current refi mortgage rates report for Sept. 22, 2026
By Glen Luke FlanaganSeptember 22, 2026
Mortgage rates today, Sept. 22, 2026: Rates mostly appear stuck
Personal Finance
Mortgage rates today, Sept. 22, 2026: Rates mostly appear stuck
By Glen Luke FlanaganSeptember 22, 2026
Great Place to Work Rankings
Best Workplaces in Chicago
Best Large Workplaces in Chicago
By FortuneJune 16, 2026
Best Workplaces in New York
Best Large Workplaces in New York
By FortuneJune 9, 2026
Best Workplaces in Texas
25 Best Large Workplaces in Texas
By FortuneJune 2, 2026
Best Workplaces in The Bay Area
25 Best Large Workplaces in the Bay Area
By Fortune EditorsMay 26, 2026
Commentary
AppleBy Ron Johnson
The true leadership lesson of Apple’s ‘think different’ campaign
regulationBy Paula Bogantes Zamora and Rebecca Finlay
We co-led the UN’s dialogue on safe and secure AI. Here’s what needs to happen now
McKinseyBy Daniel Aminetzah, Paul Jenkins and Jorge Grieve
McKinsey partners: you need to protect successful new ventures from the core business
regulationBy Bhaskar Chakravorti
AI agents are agreeing and acting: machines are now smarter than humans. Their principals merely agree 
climate changeBy Marcene Mitchell
A hotter world, tighter budgets: World Wildlife Fund on Climate Week’s 2026 test
LawBy Logan Brown
My first law firm billed clients $600 per hour for me to use my Harvard degree on data entry. Thank God AI is changing the industry
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.