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

Billionaire Ray Dalio in Riyadh, Saudi Arabia in October.

Amal Alhasan/Getty Images for Fortune Media

• Ray 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."
• Dalio's comments come as a Citrini Research report revived fears about the AI boom.

Ray Dalio warned that AI is "eating everything" — but said the boom could also "eat itself" if the money doesn't add up.