Currentvaluations of AI stocks a bubble: CEA

According to the CEA, some companies are presenting AI as a tool that could sharply reduce labour costs and boost profits, creating anxiety among workers and new graduates. “They want to tell the capital owners, you will be rewarded in the process. They have induced a fear in the minds of labour,” he said. Nageswaran cautioned that meaningful assessments of AI’s impact on jobs can only be made after the current wave of market excitement subsides.