AI valuations are a bubble, warns Zoho founder Sridhar Vembu

Zoho founder and Chief Scientist Sridhar Vembu has weighed in on the current surge in artificial intelligence, describing the market as a “financial bubble.” While acknowledging the long-term potential of AI, Vembu expressed caution over the present valuations and practices in the industry.

“There’s a lot of round-tripping going on in AI right now,” Vembu told CNBC-TV18, referring to financial maneuvers where one company funds another to inflate revenue numbers. “This current boom makes me very uncomfortable. While AI as a technology has…