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The Bank of England and IMF warn tech stock prices pumped by AI optimism could burst, with valuations comparable to 2000 dotcom peak.

Tech stocks now comprise 40% of the S&P 500, with OpenAI valued at $500 billion despite no profit and uncertain AI benefits.

Industry leaders like Jeff Bezos downplay concerns, saying even an industrial bubble would benefit society through inventions once the dust settles.

Lingering doubts about the economic promise of artificial intelligence technology are starting to get the attention of financial institutions that raised warning flags this week about an AI investment bubble.

Officials at the Bank of England on Wednesday flagged the growing risk

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