Ferrari Chairman John Elkann expressed optimism for the artificial intelligence (AI) buildout over the next decade, dismissing concerns about a potential AI bubble. However, he cautioned that investment in the technology could outpace the development of clear revenue-generating mechanisms and business models, potentially leading to a supply and demand mismatch in markets. Elkann, who also serves as chairman of Stellantis and a Meta Platforms board member, made these remarks in an exclusive interview with CNBC on the sidelines of the Wave 2026 technology conference in Turin.