Business & Finance
State Street CEO Says It’s ‘Hard to See’ AI as a Bubble Yet
Key Points
State Street CEO Says It’s ‘Hard to See’ AI as a Bubble Yet State Street Corp. Chairman and Chief Executive Officer Ron O’Hanley said it’s “hard to see” AI as being a bubble yet, with demand supporting the massive investments being poured into the technology. “It’s not like these data centers are being built on spec. I mean, there’s real orders behind them, and in most cases, there’s real companies behind them,” O’Hanley told Bloomberg Television’s David Ingles and Yvonne Man in an interview...
State Street CEO Says It’s ‘Hard to See’ AI as a Bubble Yet
State Street Corp. Chairman and Chief Executive Officer Ron O’Hanley said it’s “hard to see” AI as being a bubble yet, with demand supporting the massive investments being poured into the technology.
“It’s not like these data centers are being built on spec. I mean, there’s real orders behind them, and in most cases, there’s real companies behind them,” O’Hanley told Bloomberg Television’s David Ingles and Yvonne Man in an interview on Tuesday. “So right now, it’s hard to see that’s a bubble.”