Mohamed El-Erian, the chief economic adviser at Allianz, issued a stark warning on Thursday that investments in some AI-related names will “end up in tears,” even as he categorized the boom as a “rational bubble.”A ‘Rational Bubble’ With Limited WinnersEl-Erian argued that while AI is a “major transformational general purpose technology” akin to electricity, the current market frenzy is pulling weaker companies up alongside a “limited number of winners,” he told CNBC.“It’s rational because everybody has an ...