OpenAI Chairman: AI Is in a Bubble [Video]

The buzz surrounding AI may echo the exuberance and excesses of the dot-com bubble in the late 1990s, OpenAI chairman Bret Taylor said in a podcast that aired on Wednesday.

Taylor was speaking to venture capitalist Harry Stebbings on the latter’s “The Twenty Minute VC” podcast when he was asked if AI is in a bubble. Taylor joined OpenAI’s board in November, shortly after Sam Altman was briefly ousted and reinstated as CEO.

“I think we are in a bubble. But I think bubbles have different shapes, and there’s a Mark Twain quote that history doesn’t repeat itself, but it rhymes,” Taylor told Stebbings.

“I think the AI bubble will rhyme with the dot-com bubble and I believe with the benefit of hindsight, most of the excess of the dot-com bubble might have been justified,” Taylor added.

Most of today’s leading tech companies like Amazon and Google, Taylor said, were started during the dot-com …