Sam Altman says “yes”, Ai is in a bubble

In the extended interview, Altman compared the reaction of the market to AI to the Dot-Com bubble in the 1990s, when the value of the Internet startups climbed before crashing in 2000. “When bubbles occur, intelligent people are overexcited about a core of truth,” said Altman. “If you look at most of the bubbles in history, such as the technological bubble, there was a real thing. Technology was really important. Internet was really a big problem. People were excited.”

He added that he thought it was “crazy” that some AI startups with “three people and an idea” receive funding from such high assessments. “It is not a rational behavior,” said Altman. “Someone will burn themselves there, I think.” In the past year, we have seen several AI startups, including Sure superintelligenceled by the co-founder of Openai Ilya Sutskever, And thinking machinesFounded by the former director of technology of Openai Mira Murati, dollar billions.

“Someone will lose a phenomenal sum of money. We don’t know who, and many people will earn a sum of phenomenal money,” said Altman. “My personal conviction, although I can be wrong, is that, overall, it would be a huge clear victory for the economy.”

Even if we can be in a bubble of AI, it seems that Agrian expects that Optai survives the burst. “You should expect OpenAi to spend billions of dollars for the construction of the data center in the not very distant future,” said Altman. “You should expect a lot of economists to twist their hands.”

Additional reports by Alex Heath.