Jeff Bezos agrees with Sam Altman from Openai: we are in an AI bubble. But the founder of Amazon says that the advantages will be “gigantic”

Recently, many companies related to AI have seen optimism and voracious peaks in the assessments. In August, the CEO of Openai told journalists that the AI ​​market was in a bubble. When bubbles occur, “intelligent people are overexcited about a core of truth,” warned Altman, establishing parallels with the Boom of Como Points. However, he said that his personal conviction was “overall, it would be a huge net victory for the economy”.

Now Bezos also says that an AI bubble exists and has an even more positive perspective.

The similarity between this bubble and the Dot-Com bubble at the end of the 1990s worries investors and has high financial risks. But Bezos said that the difference in the nature of the current AI bubble should provide investors with some comfort.

“This is a kind of industrial bubble, as opposed to financial bubbles,” he said during the Italian technology week on Friday.

In the end, industrial bubbles can be positive, added Bezos, stressing that biotech and pharmaceutical bubble in the 1990s led to the development of vital drugs – although in the process, many public companies that the IPO during the boom were bankrupt or have been acquired in a fraction of their starting value at the end. Cumulative net losses against the results of public biotechnology companies have reached more than $ 40 billion, The Wall Street Journal reported in 2004.

But, Bezos said that industrial bubbles are “not as bad” as other bubbles, as

“It can even be good, because when the dust sets in and you see who the winners, the companies benefit from these investors,” said Bezos. “This is what will happen here too. It is real, the advantages for the company of the AI ​​will be gigantic. ”

And during the bubbles, everything is funded, he noted. When these periods of excitement arrive, investors find it difficult to distinguish good ideas from bad, he said, adding that this probably happens today “with AI investments.

The meta-PDG, Mark Zuckerberg, recently made similar comments, saying that a bubble of AI is possible, but that he prefers to see his business “missing a few hundred billion dollars” than being behind the superinity.

But whether the AI ​​is in a bubble or not is distinct from its transformer potential, Bezos stressed: “This does not mean that something that happens is not real. The AI ​​is real, and it will change each industry.”

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