US EditionOpenAI CEO Sam Altman Believes We're in an AI Bubble
Sam Altman compares the AI surge to the dot-com bubble, warning of overvaluation despite OpenAI’s projected $20 billion revenue and $500 billion valuation in a $6 billion stock sale.
- Thursday, Sam Altman, OpenAI CEO, admitted the AI sector is overinflated, warning billions plowed into the arms race risk a bubble akin to the dot-com crash.
- Amid a wave of speculative capital, venture firms, hedge funds and sovereign wealth funds poured billions into early-stage AI companies, with OpenAI raising $40 billion at a $300 billion valuation in March.
- Altman likened the AI funding rush to `the tech bubble` of the late 1990s, saying `When bubbles happen, smart people get overexcited about a kernel of truth` during a dinner with reporters.
- OpenAI is preparing a $6 billion secondary stock sale at roughly a $500 billion valuation, risking significant losses for investors, as Altman likened the AI bubble to 'the tech bubble.'
- Whether the bubble bursts or fuels the next trillion-dollar wave remains the trillion-dollar question, as Altman emphasizes AI’s long-term transformative potential despite short-term corrections.
63 Articles
63 Articles
Questioning the value of investments in artificial intelligence caused a wave of concern in the markets - The MIT report and Sam Altman's statements on AI
OpenAI's Sam Altman warns of AI bubble
ChatGPT reaches more than 700 million people each week — and OpenAI CEO Sam Altman thinks we may be in an AI bubble."When bubbles happen, smart people get overexcited about a kernel of truth," he told a small group of reporters, including The Verge's Alex Heath, over dinner in San Francisco. "If you look at most of the bubbles in history, like the tech bubble, there was a real thing. Tech was really important. The internet was a really big deal.…
OpenAI CEO Sam Altman Thinks We're in an AI Bubble Because Investors Are 'Overexcited' About Artificial Intelligence
OpenAI CEO Sam Altman said that the billions of dollars poured into AI investments could create a bubble that bursts, like the dot-com crash of the early 2000s.
OpenAI’s Sam Altman points to AI ‘bubble’
Sam Altman described artificial intelligence as a “bubble,” but also said the technology was “the most important thing to happen in a very long time.” Investors are chasing “a kernel of truth” but are “overexcited” about AI, the OpenAI CEO said, with some valuations becoming “insane.” A number of experts agree: The Apollo investment group’s chief economist noted that tech firms’ price-earnings ratios are unusually elevated, reminiscent of the la…
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