Jeremy Grantham warns the AI boom won't stop a recession – and stocks are still likely to crash

• The AI boom won't prevent a recession, according to Jeremy Grantham.
• "AI is very important. But I think it's perhaps too little, too late," he told Bloomberg.
• Stock prices will fall when that economic slump hits, the legendary investor added.

The rise of AI hasn't come soon enough to stop the US suffering a recession – and the economy could slump by December, according to legendary investor Jeremy Grantham.