Key facts
- State Street Chairman and CEO Ron O'Hanley said it is hard to see AI as a bubble yet.
- O'Hanley said demand is supporting the large investments being poured into AI.
State Street Corp. Chairman and Chief Executive Officer Ron O'Hanley said it is hard to see artificial intelligence as a bubble yet, with demand supporting the large investments being poured into the technology. The report did not date the remarks, did not give a figure for the investment involved and did not say what measure of demand O'Hanley was citing.
The comment was carried in a single report. No other party was named as endorsing or disputing the view, and no data on AI spending, valuations or revenue was given alongside it.