Cato Networks CEO says we are in an AI bubble

""We are in a bubble," Shlomo Kramer, who runs the company aimed at securing organizations' digital and AI transformation, told Business Insider."

""There's a dislocation there; it's big and it's going to unwind," Kramer said."

""It's going to happen at a much slower pace than right now," Kramer said, about the advancements of AI."

""It's simply not there yet," Kramer said."

High levels of investment and early AI-driven profit gains have inflated market valuations, producing an unsustainable bubble likely to unwind. Market prices are being held up by rapid investment pacing rather than matched returns, creating a growing disconnect between valuations and fundamentals. AI can deliver value in specific areas, such as first-level customer support and targeted engineering tasks, but current impacts are modest and cannot fully replace human roles. Broad cost reductions or widespread engineering job cuts tied to AI are not evident. AI-driven progress will continue but is expected to occur more slowly than current expectations.

Read at Business Insider