Jeff Bezos joined Sam Altman in admitting the existence of an AI bubble—but Amazon’s founder sees upside.
Recently, many AI-related companies have seen voracious optimism and spikes in valuations. In August, the OpenAI CEO told reporters the AI market was in a bubble. When bubbles happen, “smart people get overexcited about a kernel of truth,” Altman warned, drawing parallels with the dot-com boom. Still, he said his personal belief is “on the whole, this would be a huge net win for the economy.”
Now Bezos too is saying an AI bubble exists, and has an even more positive outlook.
The similarity between this bubble and the dot-com bubble in the late 1990s worries investors and comes with high financial risks. But Bezos said the difference in nature of the current AI bubble should provide investors some solace.
“This is a kind of industrial bubble, as opposed to financial bubbles,” he said at Italian Tech Week on Friday.
