AI bubble

OpenAI Chairman Bret Taylor, aligning with CEO Sam Altman, believes the AI sector is currently in a bubble, despite its transformative potential. He predicts significant financial losses for some investors and companies, drawing parallels to the dot-com bubble. While many AI ventures may fail, Taylor emphasizes the underlying technological trend’s long-term validity and its capacity to drive substantial economic growth, similar to the internet’s impact. He sees the current situation as a historical pattern of investment frenzy accompanying revolutionary technology.