The Other Bubble

If there is a bubble in artificial intelligence, much of the blame can be placed on Wall Street, not Silicon Valley. 

Financial markets are as frothy as they can be, and the appetite for risk appears to be insatiable. That’s why Sam Altman has been able to get otherwise rational companies and investors to fund his audacious growth plans. On Tuesday, we got the latest evidence of a financial bubble when Wall Street’s giants posted numbers bankers dream about.