May 6, 2024
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Ex-JPM Strategist Sees 'AI Bubble' Building After MIT Study Shows 95% Of Enterprises Invested in GenAI Have Generated ‘Zero’ Returns
Top executives have been raising concerns that AI investment and valuations may not be consistent with the eventual returns.
Morning Bid: Treasuries Tighten as Fed Hawks Re-emerge
What matters in US and global markets? Investors wait anxiously for Fed Chair Jerome Powell’s keynote speech at the Jackson Hole symposium today.