The Great AI Paradox
Despite warnings of a bubble, key figures in tech and finance are not slowing down their investment in AI.
Everyone says it's a bubble, no one's slowing down.
Jeff Bezos, founder of Amazon, describes the AI boom as an "industrial bubble" but believes the technology is "real" and will bring "gigantic" societal benefits.
- Bezos: AI is an "industrial bubble" but will bring "gigantic" benefits.
- Sam Altman, Open AI founder: valuations are "insane", investors are "overexcited" and people will "get very burnt".
Other warnings come from David Solomon at Goldman Sachs and Jamie Dimon at JP Morgan, yet none are pulling back from the AI revolution.
Author's summary: Key figures warn of AI bubble, but continue to invest.
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