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 recent interview with The Verge whether or not he agreed with OpenAI CEO Sam Altman’s declaration that “somebody goes to lose an exceptional 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 apprehensive about it.

“I feel it’s each true that AI will remodel the financial system, and I feel it can, just like the web, create enormous quantities of financial worth sooner or later,” Taylor mentioned. “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 similar time, and there’s lots of historic precedent for each of these issues being true on the similar time.”

Particularly, Taylor in contrast immediately’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 have been sort of proper.”