Is the AI bubble about to pop? Sam Altman is prepared either way.
1 min read
Summary
OpenAI CEO Sam Altman has warned that someone will lose a lot of money due to the overexcitement of investors regarding AI models, with his company currently negotiating a $500bn valuation for its AI technology.
Altman made the comments at a private dinner with journalists last Thursday, and predicted that his company would spend trillions on data centre construction and that ChatGPT would serve billions of people daily.
However, a recent MIT study has shown that most enterprise AI pilots fail to deliver rapid revenue acceleration, with 95% of pilots failing in this way, although the study did note that this was due to implementation, rather than model quality.
This comes after Facebook announced that it is working on its own AI chatbot, in competition with OpenAI.
