India's Chief Economic Advisor V Anantha Nageswaran has joined a growing list of voices questioning the euphoria surrounding artificial intelligence-linked stocks, calling current AI valuations a "bubble" and arguing that the narrative around the technology has become exaggerated.
Speaking at an event, Nageswaran said there was "no question" that AI-related stock prices and valuations have entered bubble territory, driven by overly optimistic assumptions about productivity gains and the future of work.
