Jensen Huang of Nvidia and Sam Altman of OpenAI are viewed as leaders in the AI industry. Altman cautioned that AI is in a dangerous bubble, comparing it to the dot-com bubble, where excessive optimism led to major downturns. Dr. Torsten Sløk indicated that current S&P 500 companies are more overvalued than in the 1990s. Significant investments in AI are expected from leading firms like Meta, Microsoft, and Amazon, affecting their stock values and future earnings due to reliance on AI advancements.
Altman noted, "When bubbles happen, smart people get overexcited about a kernel of truth." He elaborated that while AI has great potential, investors are too optimistic.
Dr. Sløk pointed out, "The difference between the IT bubble in the 1990s and the AI bubble today is that the top 10 companies in the S&P 500 today are more overvalued than they were in the 1990s."
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