Lazarou Monkey Terror 🚀💙🌈
@Lazarou@mastodon.social  ·  activity timestamp 5 days ago
Lazarou Monkey Terror 🚀💙🌈
@Lazarou@mastodon.social  ·  activity timestamp 5 days ago
3hago 11.50 GMT JPMorgan's Pinto Warns of Possible ‘Correction’ in Al Valuations Valuations in the booming Al industry are due for a reassessment, according to JPMorgan Chase & Co. Vice Chairman Daniel Pinto. Speaking at the Bloomberg Africa Business Summit in Johannesburg today, Pinto also warned that any decline would reverberate across the stock market. Pinto warned: 44 “There is probably a correction there. That correction will also create a correction in the rest of the segment, the S&P and in the industry.” Concern has been growing in recent weeks that the valuations of the world’s largest technology companies could have risen too high, based on an overly optimistic view of how quickly Al would delivery productivity benefits. As Pinto explains: 44 “In order to justify these valuations, you are considering a level of productivity that, it will happen, but it may not happen as fast as the market is pricing now.”
3hago 11.50 GMT JPMorgan's Pinto Warns of Possible ‘Correction’ in Al Valuations Valuations in the booming Al industry are due for a reassessment, according to JPMorgan Chase & Co. Vice Chairman Daniel Pinto. Speaking at the Bloomberg Africa Business Summit in Johannesburg today, Pinto also warned that any decline would reverberate across the stock market. Pinto warned: 44 “There is probably a correction there. That correction will also create a correction in the rest of the segment, the S&P and in the industry.” Concern has been growing in recent weeks that the valuations of the world’s largest technology companies could have risen too high, based on an overly optimistic view of how quickly Al would delivery productivity benefits. As Pinto explains: 44 “In order to justify these valuations, you are considering a level of productivity that, it will happen, but it may not happen as fast as the market is pricing now.”
3hago 11.50 GMT JPMorgan's Pinto Warns of Possible ‘Correction’ in Al Valuations Valuations in the booming Al industry are due for a reassessment, according to JPMorgan Chase & Co. Vice Chairman Daniel Pinto. Speaking at the Bloomberg Africa Business Summit in Johannesburg today, Pinto also warned that any decline would reverberate across the stock market. Pinto warned: 44 “There is probably a correction there. That correction will also create a correction in the rest of the segment, the S&P and in the industry.” Concern has been growing in recent weeks that the valuations of the world’s largest technology companies could have risen too high, based on an overly optimistic view of how quickly Al would delivery productivity benefits. As Pinto explains: 44 “In order to justify these valuations, you are considering a level of productivity that, it will happen, but it may not happen as fast as the market is pricing now.”
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