Part 2/10:
Within the financial community, skepticism about a possible AI bubble has persisted. Critics argue that valuations are overly inflated, warning of a potential crash akin to past tech bubbles. However, Ives dismisses these fears, describing the current phase as a genuine fourth industrial revolution. He points out that the recent earnings season has validated the high levels of spending on AI-related innovations, surpassing expectations and debunking the narrative of a bubble.