NEW YORK — Investors should be focused on opportunities ahead with artificial intelligence rather than whether there's a bubble currently, according to Mary Callahan Erdoes, CEO at JPMorgan Asset and Wealth Management.

Speaking Thursday to the CNBC Delivering Alpha conference, Erdoes dispelled worries over valuation, saying that AI is presenting opportunities not fully appreciated or understood yet.

"I feel like we're just on the precipice of a lot of this stuff," she said during a panel discussion. "So we're in this disconnect of the world is pricing where, where AI multiples should be. The companies haven't gotten it through the usage. But it's very much like Hemingway said, 'How do you go bankrupt?' It happens like very, very slowly, and then all of a sudden, and I think that's exactl

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