Sam Altman isn’t Worried About the AI Bubble

“Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes,” Sam Altman told reporters at a dinner in San Francisco, and then added, “Is AI the most important thing to happen in a very long time? My opinion is also yes.”  In the weeks since, OpenAI raised billions, employees prepared multibillion-dollar share sales, and Altman publicly forecast that OpenAI will spend trillions on data centers. Meanwhile, dozens of much smaller AI companies have taken huge rounds on little product or revenue: Thinking Machines Lab and Safe Superintelligence have attracted eye-popping paper valuations with no public product; Cognition Labs and consumer-facing “AI tutor” and chatbot startups raised large sums on ideas. Take also Perplexity, that signed luc