Big investors attending Abu Dhabi Finance Week voiced concern over the high valuations attached to AI-related companies but said that investment in the infrastructure crucial to the sector’s long-term success cannot be dismissed.

Technology leviathans such as Alphabet, Meta and Oracle have rushed to debt markets in recent months to keep pace in the Artificial Intelligence race, adding to unease about an AI bubble.

For some of the most powerful personalities in finance attending this week’s state-backed finance conference in Abu Dhabi, AI was the stand-out topic.

Here’s what some of them had to say:

FRANKLIN TEMPLETON CEO JENNY JOHNSON: EARLY DAYS

Johnson characterized recent market activity and worries about an AI-related bubble as the early days of the gold rush.

“Who cares? So, the

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