AllianceBernsteins CEO says you should be worried about an AI bubble
News Source : Business Insider
News Summary
- Seth Bernstein, CEO of AllianceBernstein, believes artificial intelligence will change the world.
- He says the technology is on par with the invention of the printing press in the 1400s.
- But only 10% of executives are currently seeing a return on their AI investment.
- Some valuation measures remain at historically high levels, suggesting investors could already be pricing in future earnings gains from the technology.
- The top 10 stocks in the S&P 500 make up about 40% of the index, while US stocks make up 72% of MSCI World Index.
In spite of the hype around artificial intelligence, not all executives are all that enamored by the hottest technology since the internet.
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