Browsing: bubble

Artificial intelligence (AI) is all the rage on Wall Street, leaving more mundane “real-world” businesses in its high-tech shadow. But investors ignore boring businesses at their own peril today, amid growing concerns that AI has turned into a bubble that could soon burst. Even if it does, the packages that United Parcel Service (NYSE: UPS)…

When Ken Griffin, founder of Citadel, warned this week that financial bubbles almost certainly exist within artificial intelligence, Wall Street took notice. But the more interesting part of his argument was directed at corporate America. Companies are opening their bills from OpenAI and Anthropic and asking whether the technology is producing enough productivity to justify…