AI is a speculative bubble that will explode, even the Chatgpt creator thinks it
It is during an interview with The Verge And other journalists than the one to whom Chatgpt has shared his point of view. “Are we in a phase where investors as a whole are excited by AI? My opinion is that yes”said Sam Altman.
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A speculative bubble that will explode
The AI market is worth a real fortune and has given birth to billionaires in just a few years. Obviously, it is impossible not to see a parallel with the Internet bubble of the 90s, when the valuation of startups exploded before collapsing brutally in 2000.
“When the bubbles are formed, intelligent people get carried away around a core of truth. If you look at most of the historical bubbles like that of tech, there was something real. The technology was really important, the Internet was revolutionary, but people were excited”analysis Sam Altman.
The OPENAI leader denounces astronomical funding. Sam Altman takes the example of “three people and an idea” with a valuation that reaches tops from this step much. “It is not a rational behavior, someone will burn themselves in there, I think”predicts Sam Altman.
In recent months, spectacular fundraising has taken place. Startups collect billions of dollars despite their youth. And for Sam Altman, there will be colossal losses for certain investors: “Someone will lose a phenomenal amount of money. We do not know who and many people will earn a phenomenal amount of money too. My personal conviction, even if I can be wrong, is that overall, it will be a huge gain for the economy”explains Sam Altman, who is still optimistic about the positive effects of AI.
Sam Altman has confidence in the future of Openai
But will Openai go up in smoke during the explosion of this speculative bubble, as leaders have fallen into oblivion after that of the 2000s? Sam Altman remains very optimistic and even speaks of massive investments: “You will have to expect that Openai spends billions of dollars in the construction of data centers in the not very distant future.”
In short, Sam Altman has more confidence than ever in his baby While GPT-5 has greatly displeased the community when it was launched. Openai puts on its infrastructure to consolidate its dominant position in the face of formidable competitors such as Gemini from Google.
