Is the AI boom an AI bubble? Wall Street and Silicon Valley increasingly think so.
This week JPMorgan Chase CEO Jamie Dimon said "a lot of assets" appear to be "entering bubble territory."
Earlier this month Amazon founder Jeff Bezos said the AI market was an "industrial bubble" where stock prices were "disconnected from the fundamentals" of their businesses.
But big tech shows little sign of pausing its massive investments in artificial intelligence. So how is it that A-I could change the world ... and is also maybe in a bubble?
Stanford economist Jared Bernstein, a former White House chief economic adviser and co-author of a recent New York Times op-ed on the subject, explains.
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