“Bert Taylor”, Head of the OpenAI Board of DirectorsIn his most rece talk Artificial Ielligence With Dotcom’s era In the late 1990s, it compared and warned investors and ehusiasts about the low -cost projects that have been taken io consideration with advertising.
During the Dotcom era, the stock market had reached an unprecedeed peak with the adve of digital -based companies, but eveually its bubbles and companies such as Webvan And etoys.com They we bankrupt. However, companies like Amazon And ebay They were able to overcome the crisis and are now technology gias. Taylor believes that experience of that era could provide a useful view of the curre state of the artificial ielligence market.
He explained in the “ACQ2” podcast:
“When you say Dotcom, people remember the failures. But if you look at the S&P 500 index and measure the value created by companies, it can be said that almost all the exciteme and ehusiasm of that era was justified. “
The boom of artificial ielligence similar to the Dotcom era has now affected the market. Investors invest billions of dollars in AI startups, and large technology companies have allocated tens of billions of dollars for infrastructure, tale and artificial ielligence investmes. Even Nvidia used the growth of artificial ielligence to become the first company of $ 4 trillion.
Taylor Warning: Many curre artificial ielligence projects are low -cost
Taylor said of the curre state of artificial ielligence:
«A lot of projects like now Snake oil They are. “
“Snake oil” is a term in the field of marketing used to describe deceptive marketing and fraud. In fact, he has warned investors that there are also low -cost projects among artificial startups that have attracted the atteion of investors solely on the basis of noise and advertising.
However, he believes that there have been real successes in this area as well. Taylor to ChatGPT rapid growth He poied out that just two mohs after its application reached 100 million users and dominated AppStore charts. He also from companies operating in B2B software, such as LovableAs examples of the real value of the ecosystem of artificial ielligence.
Sam Altman, CEO of Openai, recely confessed in a new ierview that the artificial ielligence market is currely in a “bubble”. In an ierview with the reporter, he said that we are now at a stage where investors are generally excited about AI.
