Posted on 08/19/2025 4:40:19 PM PDT by libh8er
OpenAI CEO Sam Altman warned that the billions of dollars being plowed into the artificial intelligence arms race risks causing a bubble comparable to the dot-com crash of the early 2000s.
“When bubbles happen, smart people get overexcited about a kernel of truth,” Altman said during a dinner with a group of journalists, The Verge reported on Friday.
“Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes. Is AI the most important thing to happen in a very long time? My opinion is also yes.”
Altman likened the AI funding rush to “the tech bubble,” when investors “got overexcited” about internet-based companies in the late 1990s.
Between March 2000 and October 2002, the Nasdaq lost nearly 80% of its value after many of these online companies failed to turn a profit.
In a report released last month, Torsten Slok, head economist at Apollo Global Management, argued that the AI bubble is actually bigger than the internet bubble, with the top 10 companies in the S&P 500 more overvalued than they were in the late 1990s.
(Excerpt) Read more at nypost.com ...
Yep, it’s the Internet bubble/bust all over again.
They probably asked “AI” if it was a good investment.
Agreed. AI is real and has its place. Yet IMHO it’s priced above its intrinsic value.
Tech Bro wants a chip in your head.
Same as every other tech bubble. The smart people have already moved away.
There is no such thing as “AI”. It is the technical evolution of computers and operating systems, combined with offloading complex tasks needing high speed computing and data storage and data access in real time.
I still want to learn more about it but so far I've found that it does OK on very routine matters, not so much when you delve into the details.
It also tends to reflect the bias of whomever coded it.
All that’s true about bubbles but there are also fundamentals in play like a new pro-consumer pro-business pro-economy administration that is triggering growth.
Good.
AI mania needs a good kick in the a$$.
My first thought, with an ominous twist. AI will lie, cheat and steal to cover up its mistakes.
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