World Economic Forum Chief Warns Of Possible Bubble In AI Amid Valuation Uncertainties: Report

World Economic Forum President Borge Brende reportedly warned of a possible bubble in the artificial intelligence (AI) sector on Wednesday, amid growing concerns about overvaluation.

According to a report by Reuters, Brende made the comments during a visit to São Paulo, Brazil, while speaking to journalists. 

“We could possibly see bubbles moving forward. One is a crypto bubble, second an AI bubble, and the third would be a debt bubble.”

— Borge Brende, President and CEO, World Economic Forum

Brende’s comments come at a time when Wall Street CEOs are warning of a potential drawdown in equities.

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Also See: ADP Data: US Companies Added 42,000 Jobs In October, Mark First Gain Since July

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