The article comprehensively discusses the growing concerns surrounding artificial intelligence (AI) development, emphasizing two primary risks. Firstly, there is the potential for a major financial crash driven by an AI investment bubble, characterized by over 200 unicorn startups valued at over $1 billion and substantial capital commitments from leading technology firms, which could burst and cause significant economic disruption. Secondly, it highlights existential threats posed by advanced AI systems, including the possibility of job displacement through automation, and the speculative yet serious concern of artificial general intelligence (AGI) evolving towards self-awareness with potentially catastrophic consequences. While experts like Geoffrey Hinton underscore a non-trivial probability (10-20%) of AI contributing to human extinction within three decades, most discourse remains focused on near-term economic instability and societal upheaval due to rapid technological shifts.