- OpenAI chairman likens AI boom to dot-com bubble
- Taylor predicts emergence of trillion-dollar AI companies
- Massive investments continue despite ROI concerns
History rhymes, says Bret Taylor
OpenAI’s chairman Bret Taylor believes we’re in an AI bubble, but one that could yield massive rewards.
Speaking on “The Twenty Minute VC” podcast, Taylor drew parallels between the current AI frenzy and the dot-com boom of the late 1990s.
Bubble economics 101
Despite acknowledging the excess, Taylor remains optimistic about AI’s long-term potential. He pointed out that many of today’s tech giants emerged from the dot-com era, suggesting that the AI bubble could similarly spawn “brand-defining, likely trillion-dollar” companies.
Money talks in Silicon Valley
The AI sector continues to attract massive investments, exemplified by OpenAI’s recent $6.6 billion funding round at a $157 billion valuation. This comes despite skepticism from some quarters, including a Goldman Sachs report questioning AI’s return on investment.
