Bret Taylor, board chair at OpenAI and CEO of AI agent startup Sierra, was requested in a latest interview with The Verge whether or not he agreed with OpenAI CEO Sam Altman’s declaration that “someone is going to lose a phenomenal amount of money in AI.”
Taylor echoed Altman’s sentiments, suggesting that we’re certainly in an AI bubble — however like Altman, he didn’t sound too frightened about it.
“I think it is both true that AI will transform the economy, and I think it will, like the internet, create huge amounts of economic value in the future,” Taylor mentioned. “I think we’re also in a bubble, and a lot of people will lose a lot of money. I think both are absolutely true at the same time, and there’s a lot of historical precedent for both of those things being true at the same time.”
Specifically, Taylor in contrast right now’s AI panorama to the dot-com bubble of the late ‘90s. While many corporations failed when the bubble burst, he argued that “all the people in 1999 were kind of right.”