State Street Bank Chairman and CEO Ron O'Hanley said it is currently “very difficult” to see that artificial intelligence is a bubble because market demand supports significant investment in this technology. “These data centers were not built randomly. “I mean, they all have actual orders behind them, and in most cases, they have real companies behind them,” O'Hanley said. “So it's hard to see this is a bubble right now.” “The question is whether artificial intelligence will become more efficient, so we don't need all the production capacity we are building now,” he said.

State Street Bank Chairman and CEO Ron O'Hanley said it is currently “very difficult” to see that artificial intelligence is a bubble because market demand supports significant investment in this technology. “These data centers were not built randomly. “I mean, they all have actual orders behind them, and in most cases, they have real companies behind them,” O'Hanley said. “So it's hard to see this is a bubble right now.” “The question is whether artificial intelligence will become more efficient, so we don't need all the production capacity we are building now,” he said.