{"id":545757,"date":"2025-11-20T00:41:16","date_gmt":"2025-11-20T00:41:16","guid":{"rendered":"https:\/\/www.europesays.com\/fr\/545757\/"},"modified":"2025-11-20T00:41:16","modified_gmt":"2025-11-20T00:41:16","slug":"pourquoi-les-marches-salarment-soudain-dun-risque-declatement-de-la-bulle-de-lintelligence-artificielle","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/fr\/545757\/","title":{"rendered":"Pourquoi les march\u00e9s s\u2019alarment soudain d\u2019un risque d\u2019\u00e9clatement de la bulle de l\u2019intelligence artificielle"},"content":{"rendered":"<p>\n    <strong>ANALYSE <\/strong>&#8211; Les valorisations du secteur de la tech et les programmes gigantesques d\u2019investissement d\u00e9sormais en partie financ\u00e9s par de la dette suscitent de plus en plus d\u2019inqui\u00e9tudes.<\/p>\n<p class=\"fig-paragraph\">Les v\u00e9t\u00e9rans sont sur le pont. Il y a Albert Edwards, le strat\u00e9giste star de la Soci\u00e9t\u00e9 g\u00e9n\u00e9rale, qui a tout vu sur les march\u00e9s depuis quarante ans, et notamment l\u2019\u00e9clatement de la bulle internet au d\u00e9but du si\u00e8cle. Le parall\u00e8le avec ce qui se produit aujourd\u2019hui pour l\u2019intelligence artificielle lui semble \u00e9vident. Il en est s\u00fbr, \u00ab\u00a0\u00e7a finira dans les larmes\u00a0\u00bb.<\/p>\n<p class=\"fig-paragraph\">Il y a aussi\u00a0<a href=\"http:\/\/www.lefigaro.fr\/secteur\/high-tech\/il-a-ete-sacralise-par-le-film-the-big-short-qui-est-michael-burry-l-homme-qui-parie-sur-l-eclatement-de-la-bulle-de-l-ia-20251114\" data-fig-type=\"Article\" data-gtm-custom-categorie=\"navigation\" data-gtm-custom-action=\"crossclick\" data-gtm-custom-label=\"Contextuel\" data-gtm-event=\"customEventSPE\" data-fig-domain=\"LEFIGARO\" target=\"_blank\" rel=\"noopener\">Michael Burry, le g\u00e9rant h\u00e9ros du livre et du film The\u00a0Big Short,<\/a>\u00a0rendu c\u00e9l\u00e8bre pour avoir fait fortune en pressentant la crise des subprimes de 2008. Le revoil\u00e0, Cassandre annon\u00e7ant la catastrophe. Au d\u00e9but du mois, il a jet\u00e9 un froid sur les march\u00e9s en r\u00e9v\u00e9lant qu\u2019il jouait \u00e0 la baisse deux valeurs embl\u00e9matiques de l\u2019IA, Palantir et Nvidia.<\/p>\n<p class=\"fig-paragraph\">Ces oiseaux de mauvais augure, parmi d\u2019autres, ne croient pas aux folles promesses de l\u2019<a href=\"http:\/\/www.lefigaro.fr\/societes\/dans-deux-ans-on-achetera-tous-via-chatgpt-le-casse-tete-des-marques-pour-apparaitre-dans-les-recommandations-des-applis-d-ia-generative-20251021\" data-fig-type=\"Article\" data-gtm-custom-categorie=\"navigation\" data-gtm-custom-action=\"crossclick\" data-gtm-custom-label=\"Contextuel\" data-gtm-event=\"customEventSPE\" data-fig-domain=\"LEFIGARO\" target=\"_blank\" rel=\"noopener\">IA g\u00e9n\u00e9rative<\/a>. Ou, plus exactement, ils ne pensent pas qu\u2019elle m\u00e9rite les valorisations stratosph\u00e9riques que les investisseurs lui accordent, ni les investissements fous qui sont annonc\u00e9s<\/p>\n<p class=\"fig-premium-paywall__infos\">\n        Cet article est r\u00e9serv\u00e9 aux abonn\u00e9s.        Il vous reste 91% \u00e0 d\u00e9couvrir.\n    <\/p>\n<p>                <img  data- alt=\"Le Figaro\" class=\"fig-img--complete fig-img\"\/><\/p>\n<p class=\"fig-premium-paywall__title\">Black Friday<\/p>\n<p class=\"fig-premium-paywall__subtitle\">-70% sur l&rsquo;abonnement num\u00e9rique<\/p>\n<p class=\"fig-premium-paywall__connect\">\n                D\u00e9j\u00e0 abonn\u00e9\u00a0?                <a class=\"fig-premium-paywall__connect-link\" href=\"https:\/\/connect.lefigaro.fr\/login?client=horizon_web&amp;type=main&amp;redirect_uri=https%3A%2F%2Fwww.lefigaro.fr%2Fsocietes%2Fpourquoi-les-marches-s-alarment-soudain-d-un-risque-d-eclatement-de-la-bulle-de-l-intelligence-artificielle-20251119\" data-js-gtm=\"{&quot;customCategorie&quot;: &quot;conversion&quot;, &quot;customAction&quot;: &quot;before_Landing_Connexion_paywall_auto&quot;, &quot;customLabel&quot;: &quot;bGVmaWdhcm8uZnJfXzFmMGMwYjQwLTQ3MTMtNmM4Yy1iNzMxLTc5NWFmMGQwMTBkOF9fQXJ0aWNsZQ==_Pourquoi les march\u00e9s s\u2019alarment soudain d\u2019un risque d\u2019\u00e9clatement de la bulle de l\u2019intelligence artificielle_276&quot;, &quot;customIDSPE&quot;: &quot;bGVmaWdhcm8uZnJfXzFmMGMwYjQwLTQ3MTMtNmM4Yy1iNzMxLTc5NWFmMGQwMTBkOF9fQXJ0aWNsZQ==&quot;, &quot;event&quot;: &quot;customEventSPE&quot;}\" target=\"_blank\" rel=\"noopener\"><br \/>\n                    Connectez-vous<br \/>\n                <\/a>\n            <\/p>\n","protected":false},"excerpt":{"rendered":"ANALYSE &#8211; Les valorisations du secteur de la tech et les programmes gigantesques d\u2019investissement d\u00e9sormais en partie financ\u00e9s&hellip;\n","protected":false},"author":2,"featured_media":545758,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[11,1011,27,223,12,8835],"class_list":{"0":"post-545757","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-actualites","8":"tag-actualites","9":"tag-fr","10":"tag-france","11":"tag-intelligence-artificielle","12":"tag-news","13":"tag-nvidia"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@fr\/115579249257697314","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/posts\/545757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/comments?post=545757"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/posts\/545757\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/media\/545758"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/media?parent=545757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/categories?post=545757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/tags?post=545757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}