The artificial intelligence market has a bubble

Sam Altman, CEO of Openai, said in a new interview that the artificial intelligence market is currently in a “bubble”. In his view, we are now at a stage where investors are generally excited about artificial intelligence.

In an interview with Varge reporter, Sam Altman confessed that the artificial intelligence market is in a bubble. This confession is of particular importance by the person who is one of the main architects of this global excitement. However, Altman believes that this bubble is based on a “core of truth” no matter how big.

Sam Altman’s comments on artificial intelligence bubbles

Altman compared the current situation with the bubble of the Dot-Company in the 1980s; A period when the value of Internet startups increased strangely and then fell in year 2. “When the bubbles occur, smart people get overly excited about a core of the truth,” he explained. If you look at most of the history bubbles, like the technology bubble, there was a real thing. Technology was really important. The Internet was a really big thing. But the people were too excited. “

In other words, for Altman, even if this bubble crashes, the fundamental importance of artificial intelligence will not be destroyed, just as Dot-Game’s collapse did not destroy the Internet and paved the way for the emergence of giants such as Amazon and Google.

Altman also criticized the astronomical values of some artificial intelligence startups and called it “crazy”. “Some startups with three people and one idea, with such high capital values, are not rational,” he said. “I think some will lose greatly.”

“One person is going to lose a huge sum,” he predicted. “We don’t know who, and many people are going to make a lot of money.” However, he believes that, overall, this will be a “great win for the economy”.

Perhaps the strangest part of Altman’s statements is his ambitious plans for the future of Openai, when he acknowledges the bubble. While he tells others should not be excited, he intends to do so. “You should expect Openai to spend trillion dollars in the not -so -distant future,” Altman said. “We have better models and we can’t offer them just because we do not have enough capacity.”

These statements show that Altman intends to consolidate Openai as one of the main survivors after a possible bubble burst. He knows well that the lack of graphics processors (GPUs) and data centers capacity is one of the largest bottlenecks of artificial intelligence and intends to govern everything from this market by investing in these infrastructure.