Former TikTok CEO and current Candle Media co-CEO Kevin Mayer expressed his belief that the hype surrounding artificial intelligence has peaked. He acknowledged the underlying value of AI but cautioned that company valuations in the AI space appear "astronomical" and are due for a "stabilization." Mayer noted that while AI provides valuable capabilities that have not been seen before, the hype cycle has been dramatic. Many believe AI will disrupt every aspect of the economy and personal lives. Mayer believes the hype is already vastly overblown, with too many companies attracting capital at inflated valuations.
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00:00 It's Benzinga and here's what's on the block.
00:02 Former TikTok CEO and current Candle Media co-CEO Kevin Mayer expressed his belief that
00:08 the hype surrounding artificial intelligence has reached its peak.
00:11 He acknowledged the underlying value of AI but cautioned that company valuations in the
00:15 AI space appear astronomical and are due for a stabilization.
00:19 Mayer noted that while AI provides valuable capabilities that have not yet been seen before,
00:24 the hype cycle has been dramatic.
00:26 Many believe that AI will disrupt every aspect of the economy and personal lives.
00:30 Mayer believes that the hype is already vastly overblown with too many companies attracting
00:35 capital at inflated valuations.
00:36 For all things money, visit Benzinga.com.
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