Washington: An unexpectedly sturdy world economy is likely to shrug off President Donald Trump‘s protectionist trade policies this year, thanks partly to a surge of investment in artificial intelligence in North America and Asia, the International Monetary Fund said in a report out Monday. The 191-nation lending organisation expects that global growth will come in…
Alibaba CEO Eddie Wu has emphatically dismissed concerns about an artificial intelligence bubble, stating the company “doesn’t really see much of an issue in terms of a so-called AI bubble” and plans to invest “aggressively” despite warnings from Google’s Sundar Pichai about “elements of irrationality” in the booming sector.Wu told investors that Alibaba can’t keep…
Richard Bernstein, Chief Investment Officer at Richard Bernstein Advisors, sees too much heat in the artificial intelligence trade. In a note dated 30 June, he drew a sharp line between today’s AI rush and earlier booms that went too far. “Investors seem universally focused on ‘AI’, which seems eerily similar to the ‘.com’ stocks of…