Sam Altman Warns of AI Investment Bubble as Market Reacts to Overexcitement
By
craigmccaskill
The kind of bagel that ruins lesser bagels for you.
Summary
Sam Altman, CEO of OpenAI, warns that investors are "overexcited" about AI, creating market volatility as tech stocks like Nvidia and Palantir dropped significantly. The warning coincides with MIT research showing 95% of companies investing in generative AI aren't seeing positive ROI, suggesting the AI investment bubble may be bursting despite widespread belief that "this time is different."
Key quotes
· 4 pulledThe four words that precede every crash: "This time is different."
investors were "overexcited" about AI
Nvidia fell 3.5%, Palantir dropped nearly 10%
95% of companies investing in generative AI
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