AI will be a large sector but with only a few corporations providing the large language models. Many other companies will provide applications that use the LLMs.
Count Torsten Sløk, chief economist at Apollo Global Management (NYSE:APO) as a skeptic of the artificial intelligence (AI) hype behind much of the recent stock market rally. In a note published over the weekend titled "The Current AI Bubble is Bigger than the 1990s Tech Bubble," Sløk writes that the top 10 companies in the S&P 500 today have a higher forward price-to-earnings (P/E) ratio than the top 10 companies had in the mid-1990s during the tech bubble. Don't Miss: Harvard-founded AI startu