OpenAI board chair Bret Taylor says we're in an AI bubble (but that's okay) | TechCrunch

"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,"

"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."

"someone is going to lose a phenomenal amount of money in AI."

AI will transform the economy and generate huge amounts of value similar to the internet. The current AI market shows signs of a speculative bubble that will result in many investors and companies losing substantial money. Transformative potential and speculative excess can coexist, with historical precedent showing accurate long-term predictions alongside numerous short-term failures. The dot-com era illustrates how many predictions were correct even as many firms collapsed. Recognizing both the long-term economic impact and near-term investment risks supports realistic expectations and measured investment decisions.

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