Sam Altman Admits that AI Is a Bubble, but Still a Big Thing

Sam Altman Says OpenAI Has To 'Go Public' As He Expects AI Firm To Spend 'Trillions,' Drawing 1990s Dot-Com Bubble Parallels - SoftBank Group (OTC:SFTBF), Oracle (NYSE:ORCL)

On Thursday, Sam Altman said people should "expect OpenAI to spend trillions of dollars" building infrastructure to power artificial intelligence, while also drawing parallels between today's AI investment and the late 1990s dot-com bubble. Economist Will Raise Concerns, But Altman Says ‘Let Us Do Our Thing'  Altman told reporters that OpenAI will need significant capital to sustain the development of advanced AI, reported Bloomberg. "And you sh…

Who’s paying for Big Tech’s energy binge? You might be!

If cooling your house down during this summer’s heat wave is costing you an arm and a leg, you can blame AI. Tech companies plan to spend trillions to feed AI’s voracious appetite for energy, but normal Americans are eating the cost of that increased demand. Earlier this summer, OpenAI CEO Sam Altman declared that a “significant fraction of the power on Earth” should be dedicated to running AI. OpenAI and its competitors have been raising and sp…

Sam Altman Admits the AI Bubble Is Here

The OpenAI CEO just gave a candid assessment of the bloated investment landscape for AI.

Sam Altman admits that AI is a bubble, but still a big thing

: Sam Altman, busily planning to spend "trillions" more on datacenters, admitted yesterday that AI is a bit inflated

Sam Altman Says the Quiet Part Out Loud, Believes We’re in an AI Bubble

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…