Now Bezos too is saying an AI bubble exists, and has an even more positive outlook.
But, Bezos said industrial bubbles are “not nearly as bad” as other bubbles.
“It can even be good, because when the dust settles and you see who are the winners, societies benefit from those investors,” Bezos said. “That is what is going to happen here too. This is real, the benefits to society from AI are going to be gigantic.”
And during bubbles, everything gets funded, he noted. When these periods of excitement come along, investors have a hard time distinguishing the good ideas from the bad, he said, adding this is “probably happening today” with AI investments.
But whether AI is in a bubble or not is separate from its transformative potential, Bezos pointed out: “That doesn’t mean anything that is happening isn’t real. AI is real, and it is going to change every industry.”
