"OpenAI CEO Sam Altman just admitted to what the rest of the AI industry won't: that the entire thing could be a big, fat bubble, ready to burst.
Though it's a fiercely debated topic — with many experts saying the writing's on the wall — the OpenAI CEO was unwavering in his conviction.
"When bubbles happen, smart people get overexcited about a kernel of truth," Altman told a small group of reporters on Thursday, as quoted by The Verge. "Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes."
It's a striking admission to make for Altman, whose company is eyeing an astronomical $500 billion valuation. OpenAI has received tens of billions of dollars in investment from Microsoft, Softbank, and Nvidia. And as a flag-bearer of the industry with its mega-popular chatbot ChatGPT, it's under immense pressure to demonstrate a profitable business model.
Is Altman speaking out of turn, or is he trying to get ahead of what feels like an inevitable decline for the industry?
(...)
Altman acknowledged that "someone" will lose a "phenomenal amount of money," but "we don't know who," he said.
But not OpenAI, of course."
https://futurism.com/sam-altman-admits-ai-bubble