Bert Taylor, Chairman of the Openai Board and CEO of Sierra Artificial Ielligence, said in an ierview with The Verge that artificial ielligence is in a large bubble today. However, according to him, this situation should not cause concerns for users or investors.
Great opportunities and real risks
Taylor, OpenAI CEO Sam Altman, explained that artificial ielligence can both transform the world economy at the same time and bring serious financial risk for some individuals and companies:
“Artificial ielligence will create a great economic value, but we are now in a bubble and many people may lose a lot of money. “Both are correct and the history has many examples.”
According to Taylor, the situation is very similar to the experience of the Iernet bubble or Dotcom in the late 1980s, when many companies failed but their activities created significa economic value and experience for the future.
Comparison with Dotcom’s bubble
Taylor explained to the Dotcom Bubble:
“Many companies failed after the bubble burst, but everyone was right at that time and real opportunities were created.”
He believes that the curre state of artificial ielligence is exactly similar to that period: the market and investmes are exciting and risky, but real economic innovation and growth are ongoing at the same time.
A positive look at the future
The chairman of the board of Openai said:
“Despite the bubbles and risks, the poteial impact of artificial ielligence on human economics and life cannot be ignored. “This technology can create great value and bring job opportunities and great innovations.”
He also emphasized that investors and artificial ielligence activists should eer the market cleverly and with full awareness, as there is both failure and great success, as we have seen in Dotcom’s experience.
