Speaking at a panel discussion during the Hong Kong Monetary Authority's Global Financial Leaders' Investment Summit, JPMorgan Chase Vice Chairman Daniel Pinto remarked that valuations in the AI sector remain excessively high and that he anticipates a correction in the industry. While acknowledging that AI will bring about major impacts and significantly boost productivity, he cautioned for a prudent view of the growth rate, noting that the technologies currently under development will ultimately need someone to pay for them. Pinto pointed out that industries and other entities outside of AI must pay these companies trillions of dollars in order to justify the investments. AI companies need to demonstrate that the massive scale of investment is consistent with current valuations, and the current pace may be too fast.