AI can be both a tech revolution and a capital investment bubble – FNBO

What happened: Rusty Vanneman, chief investment officer at FNBO, said artificial intelligence can be both a genuine technological revolution and a capital-investment bubble at the same time. Why it matters: He said there is no need to determine whether the current period resembles 1998, 1999, or 2000, noting that U.S. stock valuations are approaching historic highs.

Rusty Vanneman, chief investment officer at FNBO, said artificial intelligence can be both a genuine technological revolution and a capital-investment bubble at the same time.

He said there is no need to determine whether the current period resembles 1998, 1999, or 2000, noting that U.S. stock valuations are approaching historic highs.