JPMorgan and BlackRock bosses play down talk of AI bubble
Dimon and Fink upbeat in separate comments about demand for the technology as Wall Street funds sector’s spending
Related reading
Fund managers warn AI investment boom has gone too far
Bank of America survey shows a majority of investors think companies are spending too much on AI infrastructure
Investors seek protection from risk of AI debt bust
Trading in insurance-like products that protect against tech company defaults is booming
Is it a bubble?
Given that the growth of demand for AI is so unpredictable, there can be no doubt investor behaviour is speculative
BlackRock’s Larry Fink warns AI may intensify wealth inequality
CEO of world’s biggest asset manager says rich backers of artificial intelligence could reap most of the rewards
Blackstone says Wall Street is complacent about AI disruption
Jonathan Gray says private capital group has put risks from the technology ‘top of our list’ when evaluating deals
Banks caution over bubble as they report bumper profits
JPMorgan Chase, Goldman Sachs and Citigroup buoyed by return of dealmaking