The news: Alibaba chair Joe Tsai called US AI spending “astounding,” and those surging AI investments have investors wary of startups inflating IPO filings.
It’s the most recent indicator of AI hype permeating various industries, which could lead to an AI bubble, per The Information.
AI as a value booster: Companies on the cusp of going public are showcasing their AI competencies in IPO filings, sometimes to an extreme degree.