State Street CEO: AI Demand Is Real, Hard to Call a Bubble

On Nov. 3, according to Bloomberg Technology, State Street Chairman and CEO Ron O'Hanley stated that it is currently "difficult to see" that artificial intelligence has formed a bubble, as demand supports the massive investments flowing into the technology. On Tuesday, O'Hanley told Bloomberg TV, "These data centers are not being built speculatively. I mean, there are real orders behind them, and in most cases, real companies behind them. So right now, it is hard to say this is a bubble."