PANews reported on November 6th that World Economic Forum (WEF) Chairman Borg Brende stated on Wednesday that global financial markets may face three potential bubbles that warrant global attention. During a visit to São Paulo, Brazil's financial center, Brende said, "We may see bubbles emerge in the future. First, a cryptocurrency bubble; second, an AI bubble; and third, a debt bubble." He added that government debt levels have never been this high since 1945. Brende pointed out that while AI promises significant productivity gains, it could also threaten a large number of white-collar jobs. "The worst-case scenario is that we may see a phenomenon similar to the 'Rust Belt' in major cities, where jobs with a large number of back-office positions and a high concentration of white-collar workers are more easily replaced by AI." He cited the recent layoffs announced by companies such as Amazon and Nestlé as an example of this trend.