The former CEO of Barclays said that the recent global market turbulence is a healthy correction, not a sign of an impending bear market.

Former Barclays CEO Bob Diamond stated that the recent turmoil in the global markets is similar to a "healthy pullback," and as investors try to assess various aspects of technological change, he does not expect the situation to worsen into a bear market. Diamond said, "Looking at the impact of AI from a two, three, five-year perspective, I feel comfortable."