Artificial intelligence is akin to crypto in 2021 as the sector is facing investor hype, says founder of tech investment firm

Thu, 02/16/2023 - 10:13

a human hand shakes a robotic arm representing humans working with technology — Hiring managers predict workers with high emotional intelligence and creativity will be more sought after as artificial intelligence grows in sophistication.
Malte Mueller/Getty Images

Artificial intelligence stocks are fueled by hype, according to Bedrock founder Geoff Lewis.
He told CNBC on Thursday that AI is "analogous to crypto in 2021."
Lewis also said that most of the value with AI will be limited to the biggest players.

Artificial intelligence is being fueled by a wave of investor hype, according to Bedrock founder Geoff Lewis.

In an interview with CNBC on Thursday, he said that investor excitement surrounding AI reminded him of a similar bull run that helped push cryptocurrencies to record highs two years ago.