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☆ Veteran Apple investor Alan Patricof says AI is the 'flavor of the month'
▼ + stars: | 2023-10-06 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

Venture capitalist Alan Patricof has a cautionary message about an AI bubble. "Everyone wants to be at an AI company — it's the flavor of the month," Patricof told the New York Post. Patricof recommends investing in companies utilizing AI as a tool, rather than buying AI platforms. AdvertisementAdvertisementAlan Patricof, the venture capitalist known for his investments in Apple and Venmo, has a cautionary message about an AI bubble. "Everyone wants to be at an AI company — it's the flavor of the month," said Patricof during a Thursday interview with the New York Post.

Persons: Alan Patricof, —, Patricof, Mostaque, David Rosenberg, James Penny, Wharton, Jeremy Siegel, Dan Raju, Raju Organizations: New York, Patricof, Service, Apple, Apax Partners, AOL, TAM Asset Management

☆ Even the CEO of a top AI startup thinks that AI will 'be the biggest bubble of all time'
▼ + stars: | 2023-07-19 | by ( Gabriel Rivera | ) www.businessinsider.com time to read: +3 min

Stability AI founder Emad Mostaque Courtesy of Stability AIThe CEO of one of the biggest AI startups warned that AI will "be the biggest bubble of all time." Emad Mostaque, the cofounder of Stability AI, compared the hype around the technology to the dot-com bubble, CNBC reported. Stability AI CEO Emad Mostaque told UBS analysts that he thinks AI will "be the biggest bubble of all time," CNBC reported. "I call it the 'dot AI' bubble, and it hasn't even started yet," the cofounder of the generative AI startup said on the call, according to CNBC. And in May, Wharton finance professor Jeremy Siegel was careful not to prognosticate about the future of AI companies.

Persons: Emad Mostaque, hasn't, Mostaque, Sam Altman, James Penny, Michael Hartnett, Dan Ives, Wharton, Jeremy Siegel Organizations: CNBC, Investment, Service, UBS, Investors, Bank of America Global Research, Federal Reserve, Wedbush Securities Locations: Wall, Silicon, Pitchbook, Silicon Valley

☆ Is the AI stock boom a dot-com-style bubble? David Rosenberg, Jeremy Siegel, and 5 other experts weigh in.
▼ + stars: | 2023-06-18 | by ( Zinya Salfiti | ) www.businessinsider.com time to read: +5 min

Experts including David Rosenberg and analysts from Wall Street banks including Bank of America have compared the AI stock boom to the dot-com bubble that burst in 2000. Here's a selection of the most recent expert views on this year's AI stock boom. But not everyone thinks the AI stock boom has run too far. Michael Hartnett, Bank of AmericaMichael Hartnett, BofA Global Research's CIO, said AI is in a "baby bubble" for now and noted that "AI = internet." Jeremy Siegel, Wharton finance professorThe retired Wharton finance professor doesn't see the AI hype as a bubble, either.

Persons: David Rosenberg, Wharton's Jeremy Siegel, Dan Ives, —, Wharton, Jeremy Siegel, Dan Raju, Michael Hartnett, Bank of America Michael Hartnett, BofA, James Penny, TAM Asset Management James Penny, I'd, Art Cashin, Cashin, Rosenberg, doesn't Organizations: Bank of America, Wedbush Securities, Service, Wall, UBS, TAM Asset Management, Nvidia, Microsoft, BofA Global, firm's, Bloomberg, Art, CNBC Locations: Wall

☆ AI hype could end up like the dot-com bubble, veteran investor warns: 'I'd put much larger odds on it coming down'
▼ + stars: | 2023-06-13 | by ( Pete Syme | ) www.businessinsider.com time to read: +2 min

Investors are loving AI right now, with chipmaker Nvidia sitting near a $1 trillion market cap. But a veteran investor told Bloomberg it "smells very much like the dot-com era." The AI boom could end up the same way as the dot-com bubble, a veteran ESG investor warned in a recent Bloomberg interview. And new research indicated that the generative AI market could become a $1.3 trillion industry by 2032. "I think the market has got a little bit over its skis," Penny told Bloomberg.

Persons: Sam Altman, James Penny, –, ChatGPT –, Penny, I'd Organizations: Nvidia, Bloomberg, Companies, TAM Asset Management, Amazon

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