The artificial intelligence (AI) boom in stocks is here. As companies roll out and announce new AI initiatives, investors appear to be jumping on them, expecting there to be significant growth opportunities (and returns) ahead.

There are some exciting developments in AI that could improve workflows and change jobs and industries, but that could be years away from becoming a reality.

Billionaire hedge fund manager Ken Griffin is bullish on AI in the long term. But he preached caution in a recent interview with CNBC, saying, "I do think the AI community is making a terrible mistake by being full of hype on the near-term implications of generative AI."

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Source Fool.com