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 amount of cash in AI.”
Taylor echoed Altman’s sentiments, suggesting that we’re certainly in an AI bubble — however like Altman, he didn’t sound too frightened about it.
“I believe it’s each true that AI will rework the financial system, and I believe it’ll, just like the web, create big quantities of financial worth sooner or later,” Taylor mentioned. “I believe we’re additionally in a bubble, and lots of people will lose some huge cash. I believe each are completely true on the identical time, and there’s a whole lot of historic precedent for each of these issues being true on the identical time.”
Particularly, Taylor in contrast at present’s AI panorama to the dot-com bubble of the late ‘90s. Whereas many corporations failed when the bubble burst, he argued that “all of the individuals in 1999 had been type of proper.”
