TechBloomberg Tech1h ago
State Street CEO Says It’s ‘Hard to See’ AI
State Street CEO Says It’s ‘Hard to See’ AI as a Bubble Yet
TL;DRState Street CEO sees strong AI demand, doubts it's an overvalued bubble.
Why it matters: Major financial institutions' confidence in AI legitimacy signals sustained enterprise spending on infrastructure.
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.
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