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On this episode of "Bloomberg Surveillance," professor of the practice Gary Gensler said history suggests today's AI investment boom will not continue indefinitely. He's expecting some form of slowdown or reversal within the next 18 to 30 months and said mounting debt could determine how disruptive that correction becomes. Gensler also weighed in on interest rates, monetary policy, financial stability, and the possibility that the U.S. has overbuilt AI infrastructure.

Professor Sinan Aral joined "Squawk Box" to discuss the impending Anthropic IPO, the state of the AI IPO pipeline, and more.

Professor Catherine Wolfram said getting natural gas into Massachusetts is crucial to address winter shortages. "Clean energy will help us break the dependence on these volatile fossil fuels, but it's going to take a while for clean energy projects to get built and for relief to show up," Wolfram said. She added that at times, "it's just not worth dying on the sword for a clean energy program in the state of Massachusetts, when climate change is really a world problem."

Professor Eric So said: "When you start to use AI, what happens is that you lose touch with the act that typically helps maintain and build skill sets. This notion of 'use it or lose it' applies not just to our muscles, but also to many of our cognitive functions."

"If — and this is a big if — the Saudis can increase pipeline flow to 10 million barrels per day, it will put about 2% more oil into the global marketplace," said visiting professor Gilbert Metcalf. "That could lower prices a bit, but there's a lot of uncertainty here. The pipeline is vulnerable to drone and missile attacks, as is much of the Saudi petroleum infrastructure. And it's not entirely clear that there is available refinery capacity to process the oil."

According to research by associate professor Taha Choukhmane, AI tools generally give pretty good financial advice. That advice gets better as people become more practiced in asking the right questions. "We were actually quite surprised that relative to the status quo, the average American would be better off if they were to follow the advice," Choukhmane said. But he added a caveat: "Just following the advice without understanding the advice puts you at risk of not fully understanding the risk."

A study by professor Parag Pathak and co-authors, drawing on 653,475 listings in eastern Massachusetts, found that listings offering buyer agents a lower commission were 5% less likely to sell and took 12% longer to sell. The authors attributed the gap to steering by buyer agents and concluded that steering helped sustain the remarkable uniformity of commission rates.

The Brazilian presidential election is the most important outside the United States in 2026. This is the view of Institute Professor Daron Acemoglu. "Brazil is very important to Latin America. In fact, if the Bolsonaro family returns to power, it will be the same as the US, which decided on a second term for Donald Trump in 2024," said Acemoglu.

There are many reasons put forward for the decline in optimism and faith in centrist politics. But Institute Professor Daron Acemoglu puts it simply. "We started taking democracy for granted." Mr. Acemoglu has tried to provide both an analysis and some prescriptions in a recent book, "What Happened to Liberal Democracy?" In it, he outlines "two broad lines of failure" over the last half-century, which have led to widespread alienation and anti-establishment sentiment.

Moving from managing a team to leading leaders is a change in both scope and attitude. There's a reflex that is easy to miss. It shows up not when you volunteer an answer, but when someone else asks you for one. Senior lecturer Elsbeth Johnson found that the real block usually isn't a skills gap. It's an inability to say "no." Leaders keep absorbing requests for help because turning them down feels like a failure to be useful.