download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Advertisement"Right now there's way too much confidence about the future trajectory of AI," Romer said. However, the economist argued there was not enough data available for the tech to keep progressing at the same pace. "It's just a lot of hype, the typical bubble hype where people are trying to cash in on the latest trend." Taken together, Romer and Kaltbaum see AI-linked stocks as hogging the market's gains — rightfully or not — and view the frenzy as a sign of problems ahead.

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Persons: —, Paul Romer, Gee, Romer, Gary Kaltbaum, Kaltbaum Organizations: Service, Bloomberg, Business, World Bank, Boston College, Nvidia, Nike, Kaltbaum Capital Management, Fox Business