Square Mile's CIO Mark Harries: Are we in an AI-generated bubble?

'Only time will tell how the AI revolution reshapes the market'

The release of ChatGPT in late 2022 seemed to herald in a new era where the potential of generative AI was boundless.

The revolutionary chatbot caught the public's attention in a way seldom seen before, dominating headlines and seemingly ushering in a future where AI-driven innovation would influence practically all areas of industry.  This enthusiasm went on to fuel a significant rally in technology stocks, despite the fact the Fed was midway through a rate-hiking cycle, an economic backdrop which does not typically favour growth companies. Deep Dive: Investors urged to look beyond 'pure' AI plays as bubble concerns linger Ultimately, a handful of tech stocks, subsequently dubbed the Magnificent ...