Nobel laureate Joseph Stiglitz warned that heavy AI investment has created a bubble that could burst and inflict concentrated harm on workers, in an interview with Fortune. He said current public institutions lack the retraining, labor‑market policies, and industrial strategy needed to manage mass displacement. > Stiglitz urged large-scale retraining and active labor-market programs, noting that without policy intervention the gains from AI could deepen inequality and leave workers stranded. For universities, his diagnosis underscores the urgency of scaling workforce-retraining programs, vocational partnerships, and regional industrial strategies tied to higher‑education capacity.