Bloomberg: Two of China’s best-known hedge fund managers are warning that the artificial intelligence boom in global stock markets has become an unsustainable bubble.
Wealspring Asset said global AI stocks have become a “super bubble” and that the “collapse point may not be far away”, while Shanghai Banxia Investment Management Center said “the trigger for the AI bubble to burst has already appeared”.
At least four other Chinese hedge funds expressed reluctance around AI, with Wealspring and Banxia advising investors to be cautious due to concerns over valuations and the lack of a long-term moat for some AI infrastructure companies…