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.
67 Articles
67 Articles
Suddenly, Silicon Valley Is Lowering AI Expectations
Sam Altman expressed concern that the AI industry is in a bubble, while former Google CEO Eric Schmidt warned that a focus on AGI and superintelligence has been a distraction, urging that the U.S. treat AI more like China does.
AI titles on the US stock exchange are shaken: After OpenAI boss Sam Altman warns of a new bubble, Palantir and Nvidia lose billions overnight. A study by MIT also shows that 95 percent of AI pilot projects in US companies do not deliver real added value.
That independent analysts are worried, it happens. That Sam Altman, CEO of OpenAI, the most prominent company in the artificial intelligence sector, claims, is another pair of sleeves.
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.…
Coverage Details
Bias Distribution
- 46% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
