AI is underhyped as a technology, says Fidelity's Adam Benjamin

Adam Benjamin, Fidelity Investment tech portfolio manager, joins 'Squawk on the Street' to discuss his outlook for the tech sector as the AI arms race continues.

[ПървоИме]

Its true, everything is about to change and the people who think this is a bubble, they themselves are in a bubble and will be sorry for missing out.

[stevechance]

People who say, "It's a bubble, it's hype" are the same ones who said, "apparently it's a computer network of computer networks called the internet but I don't see a use case for it, so I'm calling it now, the internet is all hype".

[Wobbotherd]

People who think AI is a "bubble" were either not alive or have not paid attention to the numbers in the late 90s. People equating Nvidia with Cisco really need to go back and look at the numbers from 99-2000, it was MUCH, MUCH more speculative than this.

[davidgray]

Oh dear, you may or may not work for Fidelity but education is the key here, Churchill said, “The farther backward you can look, the farther forward you are likely to see”, the Wright Brothers were the first to fly 1903, at 48 miles an hour, by 1940 the RAF flew the Mosquito bomber, that did 400 mph, by 1969 Man had reached the moon. Yes that’s correct, in 66 years from the first flight to landing on the moon. Do people really think that Ai isn’t go to work? Be sensible, we all will see massive change within a decade, and the investment potential is huge.

[sebastianlassus]

when the hype is not enough they tell me its "underhyped" lolzz

[savlatkhuseynov]

AI is in a bubble. Companies haven't monetized it yet, hence no real value in AI except replacing jobs, which will eventually hurt revenue in the future. AI has no actual use case except asking basic stuff. Unfortunately, AI won't be a self sustained intelligence. Reducing operational costs will eventually hurt the companies. People will become unemployed and buy less stuff.

[justinleemiller]

Let me put it this way: AI will be able to do all “work from home” labor within a decade.

[Srednicki]

this guy gives me major stock market bubble vibes

[JeffreyJorge-pp]

We need the cure for schizophrenia or at least a treatment that works can we get these scientist working towards a solution

[starship]

Unless you invested in AI in the 80s or 90s and yes it is that old, theres really no room for much further growth. Its a bad investment unless you are just looking to park money.