Sam Altman Says 'Yes,' AI Is In a Bubble

OpenAI CEO Sam Altman told reporters that AI investments have entered bubble territory. His remarks: 'Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes.'

'When bubbles happen, smart people get overexcited about a kernel of truth. 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. People got overexcited.'

He added that he thinks it's 'insane' that some AI startups with 'three people and an idea' are receiving funding at such high valuations. 'That's not rational behavior,' Altman said. 'Someone's gonna get burned there, I think. Someone is going to lose a phenomenal amount of money.'

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