Bret Taylor, the chairman of OpenAI and CEO of AI startup Sierra, shared his thoughts on the current state of the AI industry in a recent interview with The Verge. When asked about Sam Altman’s prediction that “someone is going to lose a phenomenal amount of money in AI,” Taylor agreed that we are in an AI bubble but remained optimistic about its long-term potential.
Taylor echoed Altman’s sentiments, suggesting that we are indeed in an AI bubble — but like Altman, he didn’t sound too worried about it.
“I think it is both true that AI will transform the economy, and I think it will, like the internet, create huge amounts of economic value in the future,” Taylor said. “I think we’re also in a bubble, and a lot of people will lose a lot of money. I think both are absolutely true at the same time, and there’s a lot of historical precedent for both of those things being true at the same time.”
Specifically, Taylor compared today’s AI landscape to the dot-com bubble of the late ’90s. While many companies failed when the bubble burst, he argued that “all the people in 1999 were kind of right.”
