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

Bret Taylor, chairman of the board at OpenAI and CEO of AI Agent Startup Sierra, was asked A recent interview with The Verge Whether he agreed with OpenAI CEO Sam Altman’s statement That “someone is going to lose a phenomenal amount of money in AI.”

Taylor repeated the feelings of Altman and suggested that we are indeed in an AI bubble – but just like Altman he did not sound worries about it.

“I think it is both true that AI will transform the economy, and I think it will create enormous amounts of economic value in the future, just like the internet,” Taylor said. “I think we are also in a bubble and many people will lose a lot of money. I think both are absolutely true at the same time, and there is a lot of historical precedent for both things that are true at the same time.”

In particular, Taylor compared today’s AI landscape with the Dot-Com bubble of the late 90s. Although many companies failed when the bubble burst, he argued that “all people were a bit right in 1999.”