Chronicles of circular deals; experts cautious
Wall Street analysts, global economists and technologists are all grappling with a pressing question: “Are we in an AI bubble?” Goldman Sachs has warned of rising exuberance across public and private markets, which parallel the tech boom of the 90s. Back then, top S&P 500 firms were trading at a median 41x price-to-earnings ratio, compared to about 31x today. Numbers show we are not there yet, but risks in the systems have started to emerge.
