Finance
JPMorgan’s Pinto Warns of Possible ‘Correction’ in AI Valuations
Valuations in the booming AI industry are due for a reassessment, according to JPMorgan Chase & Co. Vice Chairman Daniel Pinto, who warned that any decline would reverberate across the stock market.
“There is probably a correction there,” Pinto said at the Bloomberg Africa Business Summit in Johannesburg on Tuesday. “That correction will also create a correction in the rest of the segment, the S&P and in the industry.”