Mark Cuban puts Bitcoin and Apple in the same bucket

Artificial intelligence can change the world without every company being worth the price investors are paying. That gap is getting harder to ignore. The expectations surrounding Anthropic's upcoming IPO offer another sign of investor enthusiasm for artificial intelligence. The company publicly filed for its initial public offering on Oct. 26, though its share price and offering size have not yet been determined. Some current and prospective investors, however, value the AI firm at around $1.5 trillion, Reuters reported. Billionaire investor Mark Cuban thinks markets have already crossed into the crypto and AI bubble territory. Related: Arthur Hayes says AI bubble won’t burst like 2008 In an interview released Monday, Cuban said the setup differs from the dot-com boom because "everything's a meme stock." "Bitcoin is a meme stock, right?

First reported by TheStreet. This page is a short excerpt; the full text is theirs.