AI hype could end up like the dot-com bubble, investor warns

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 51%

Health Health Headlines News

AI hype could end up like the dot-com bubble, veteran investor warns: 'I'd put much larger odds on it coming down'

Basically, there's a lot of money to be made in the AI sector right now. But Penny's suggesting that could all come tumbling down if people aren't careful about overhyping products., saying there's"too much of an investor frenzy around AI in the short-term."

"I think the market has got a little bit over its skis," Penny told Bloomberg."I'd put much larger odds on it coming down from here." "What generates a recession rips apart the status quo, so one has to be wary of that high growth narrative," he added.Subscribe to push notifications

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in HEALTH

Health Health Latest News, Health Health Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Joseph Fiennes says he rejected Hollywood over Weinstein bullyingInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How Apple described Vision Pro mixed reality headsetInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Scammers find success with bank fraud texts, FTC warnsInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »

P.F. Chang's CEO reveals why he wakes at 4:30 a.m. daily to work outInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »