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<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\nNEW DELHI: Chief economic advisor (CEA) V Anantha Nageswaran has described the current valuations of AI-related companies as a \u201cbubble\u201d, saying fears about AI-driven job losses may be exaggerated amid intense investor enthusiasm around the technology.Nageswaran said, \u201cThe stock market, AI-related stocks and AI-related valuations are definitely a bubble. There is no question about it.\u201d He argued that much of the current narrative around AI is being shaped by companies seeking capital and convincing investors of the technology\u2019s transformative potential.\u201cThere is so much of hype because they want to tell the capital contributors, the investors, \u2018Oh my God, this is going to be such a productivity bonanza\u2019,\u201d he said.According to the CEA, some companies are presenting AI as a tool that could sharply reduce labour costs and boost profits, creating anxiety among workers and new graduates. \u201cThey want to tell the capital owners, you will be rewarded in the process. They have induced a fear in the minds of labour,\u201d he said.Nageswaran cautioned that meaningful assessments of AI\u2019s impact on jobs can only be made after the current wave of market excitement subsides. \u201cA serious conversation about AI\u2019s contribution or its threat to the labour market… can happen only after the current bubble is behind us,\u201d he said.The CEA added that there is currently \u201cfar too much fear and far little information about the AI threat.\u201d<\/div>\n<\/div>\n