Leading UK tech investor warns of ‘disconcerting’ signs of AI stock bubble
by Dan Milmo and Graeme Wearden from Technology | The Guardian on (#70EFM)
James Anderson voices concern over soaring valuations of artificial intelligence firms
A leading British tech investor has described soaring valuations of artificial intelligence companies as disconcerting", amid concerns of an AI stock market bubble.
James Anderson was an early backer of Tesla, Amazon and China's Tencent and Alibaba, generating vast returns for Baillie Gifford's flagship fund. Now at the Italian investment company Lingotto, Anderson said he had not seen signs of an investment bubble until recently, when the ChatGPT developer, OpenAI, and its rival Anthropic announced hefty valuation increases.
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