NTT DATA Inc. CEO predicts a potential artificial intelligence bubble will deflate quickly but lead to a stronger rebound as corporate adoption catches up with infrastructure spending. Demand for compute outpacing supply, pricing power shifting to chipmakers and hyperscalers. AI reshaping labor markets, causing shortages, and regulatory scrutiny.

AI triggering significant technological changes, fueling investments and equity gains but causing chip shortages and regulatory concerns. NTT DATA rethinking recruitment strategies due to AI reshaping labor markets. Speakers at Reuters NEXT conference discussing AI’s impact on work and job growth, with AI startup CEO noting customers focusing on reducing headcount.

PwC survey shows daily use of generative AI remains lower than expected by executives, with workers with AI skills commanding a 56% wage premium. Skills gap widening, with fewer non-managers having access to training resources compared to senior executives.AI remains a massive secular trend despite potential bubble, impacting labor markets and causing shifts in pricing power and skills gap.

Read more at Yahoo Finance: AI bubble to be short-lived, rebound stronger, NTT DATA chief says