Signs are emerging that the market boom surrounding artificial intelligence (AI) might be taking on the characteristics of a bubble. This warning comes from Wall Street veteran investor Ed Yardeni, President of Yardeni Research, Inc., in a note to clients on July 4. “While we love the productivity-enhancing possibilities that AI offers, the AI phenomenon has many of the hallmarks of an inflating bubble,” Yardeni cautioned. He noted that there are “big bucks chasing the AI dream,” with substantial funds directed toward companies leveraging AI technology. ‘Too Much Capital Can End Even The Best Of Parties’ This year alone, Yardeni Research highlighted several advancements AI can achieve: Nvidia Corp. (NASDAQ:NVDA) recently introduced Omniverse Cloud Sensor RTX, new AI simulation software to improve safety, reduce costs, and expedite the training of autonomous driving systems. Moderna Inc. (NASDAQ:MRNA) plans to integrate ChatGPT Enterprise across its organization to revolutionize business processes. Couples are now using ChatGPT to plan weddings, bypassing the traditional, costly wedding planner. ChatGPT assists in creating wedding websites, writing vows, and managing budgets. Los ...