Investors ‘almost certainly’ in midst of AI bubble: Ken Griffin

Billionaire investor Ken Griffin said Tuesday that investors are dealing with an artificial intelligence (AI) bubble, as companies rack up debt to satisfy their demand for data centers and models.

“There’s almost certainly bubbles within this moment in time. And any radical transformation of our economy is generally intertwined with a bubble,” Griffin, the founder of Citadel, told Bloomberg’s Dani Burger at his firm’s Future of Global Markets Conference. 

The Citadel CEO noted that corporate America “has been very uneven in its ability to extract value” from AI models.

Debt held by major tech companies has piled up this year, as the AI buildout marches on. The companies leading the buildout — Amazon, CoreWeave, Google, Meta,........

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