AI bubble: Zoho founder warns; ‘Current investments driven by hype, not fundamentals’

Zoho founder Sridhar Vembu voiced concerns about the current AI investment surge, calling it a ‘financial bubble’ that could hinder long-term innovation. He highlighted speculative funding and inflated valuations, similar to past tech booms. Despite these worries, Vembu affirmed AI’s underlying value, advocating for measured, purpose-driven investment over hype.