Khaberni - US President Donald Trump confirmed that he is not concerned about the possibility of a bubble in the financial markets surrounding artificial intelligence companies.
He said about this topic during the reception of Hungarian Prime Minister Viktor Orban at the White House on Friday, "I love artificial intelligence and believe it will be very useful."
He added, "We are ahead of China and ahead of the world in the field of artificial intelligence," indicating the economic and geopolitical competition fueling the investment boom in this sector.
Trump's comments come at a time when the New York Stock Exchange has shown signs of weakness in recent days, reacting cautiously to rising valuations of major technology and artificial intelligence companies.
Experts are concerned about the rapid and significant rise in some market values of giant companies amid growing concerns about their ability to sustain the high costs of the artificial intelligence race.
This tension became apparent on Thursday amid confusing statements from the company "Open AI" regarding a potential request for government support, before being retracted later.
On Friday, the Nasdaq index, which includes technology companies, fell by 1.17% and the broader Standard & Poor's 500 index by 0.62% and the Dow Jones industrial index by 0.39%.
On Wall Street, the color red dominated all trades related to technology and artificial intelligence companies, as shares of chip giant Nvidia, Broadcom, and Microsoft decreased.
It is expected that global spending on artificial intelligence will reach about 1.5 trillion US dollars in 2025, according to the American company Gartner, and then to more than two trillion dollars in 2026, which represents about 2% of the global gross domestic product.
