AI valuations are a bubble, warns Zoho founder Sridhar Vembu

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Zoho founder and Chief Scientist Sridhar Vembu has weighed in on the current surge in artificial intelligence, describing the market as a “financial bubble.” While acknowledging the long-term potential of AI, Vembu expressed caution over the present valuations and practices in the industry.

“There’s a lot of round-tripping going on in AI right now,” Vembu told CNBC-TV18, referring to financial maneuvers where one company funds another to inflate revenue numbers. “This current boom makes me very uncomfortable. While AI as a technology has…



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AI valuations are a bubble, warns Zoho founder Sridhar Vembu


Zoho founder and Chief Scientist Sridhar Vembu has weighed in on the current surge in artificial intelligence, describing the market as a “financial bubble.” While acknowledging the long-term potential of AI, Vembu expressed caution over the present valuations and practices in the industry.

“There’s a lot of round-tripping going on in AI right now,” Vembu told CNBC-TV18, referring to financial maneuvers where one company funds another to inflate revenue numbers. “This current boom makes me very uncomfortable. While AI as a technology has…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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