JPMorgan's Vice Chairman warns that AI valuations may face a "correction".

According to Jinhong Finance, Daniel Pinto, Vice Chairman of JPMorgan Chase, stated that the booming artificial intelligence industry valuation needs to be reassessed and warned that any downward adjustment could trigger a chain reaction throughout the stock market. Pinto said at a summit held in Johannesburg on Tuesday: “A correction is likely to occur, possibly affecting the entire zone, the S&P index, and the entire industry.” According to McKinsey, the world's five largest tech companies are expected to invest about $371 billion in data centers required for training and running complex models this year. By the end of this decade, this type of infrastructure is expected to require a cumulative investment of $5.2 trillion to meet demand.