OpenAI board chair Bret Taylor says we’re in an AI bubble (but that’s okay)

Bret Taylor, board chair at OpenAI and CEO of AI agent startup Sierra, was requested in a latest interview with The Verge whether or not he agreed with OpenAI CEO Sam Altman’s declaration that “somebody goes to lose an outstanding sum of money in AI.”

Taylor echoed Altman’s sentiments, suggesting that we’re certainly in an AI bubble — however like Altman, he didn’t sound too apprehensive about it.

“I feel it’s each true that AI will rework the economic system, and I feel it should, just like the web, create big quantities of financial worth sooner or later,” Taylor stated. “I feel we’re additionally in a bubble, and lots of people will lose some huge cash. I feel each are completely true on the identical time, and there’s lots of historic precedent for each of these issues being true on the identical time.”

Particularly, Taylor in contrast at the moment’s AI panorama to the dot-com bubble of the late ‘90s. Whereas many firms failed when the bubble burst, he argued that “all of the folks in 1999 had been sort of proper.”