Howard Marks Warns AI Race Is Overheated, Says Final Winners Are Hard to Predict

Howard Marks, chairman of Oaktree Capital, urged caution on artificial intelligence company investments at Korea Investment Week (KIW) 2026, held at the Shilla Hotel in Jangchung-dong, Seoul, on May 14, 2026. He compared investing in AI companies to buying lottery tickets, saying many people buy them every day, but most lose money while only a very small number become wealthy. His remarks underscored that competition around AI-related companies is overheating and that it is difficult to predict the final winners. As investor interest in AI themes and technology stocks continues, the message points to checking risk rather than chasing prices aggressively. Source: hankyung.com