AI in an 'Industrial Bubble' but Will Benefit Society: Bezos

AI in an 'industrial bubble' but will benefit society: Bezos

Artificial intelligence technology is in an "industrial bubble," Amazon founder Jeff Bezos told a tech conference in Italy on Friday, but the benefits to society will be "immense".

Bezos admits AI is in 'industrial bubble,' but eventual societal benefits remain 'real'

Amazon (AMZN) founder and former CEO said artificial intelligence is currently in "a kind of industrial bubble" and stock prices are "disconnected from the fundamentals" during a tech conference in Italy on Friday, according to CNBC.

Jeff Bezos says AI is in a bubble — but the payoff for society will be 'gigantic'

Jeff Bezos said artificial intelligence is in a bubble, but added the technology is real and will ultimately deliver "gigantic" benefits to society.Remo Casilli/REUTERSJeff Bezos says AI is in a bubble but says the tech is real and set to transform industries.Bezos compared the AI hype to the 1990s biotech boom that produced major breakthroughs.He warned that tiny startups raising billions show an "unusual" investor frenzy sweeping the AI market…

Bezos Says AI Spending Boom Is a Bubble That Will Pay Off

Amazon.com Inc. Chairman Jeff Bezos said that the spending on artificial intelligence resembles an “industrial bubble” that could lead to lost investment but will also make society better off.