Is the AI bubble about to pop? Sam Altman is prepared either way
2 days ago
- #market bubble
- #AI investment
- #enterprise AI
- OpenAI CEO Sam Altman warns that investors are overexcited about AI models, predicting significant financial losses.
- Altman compares the current AI market hype to the dot-com crash of the 1990s.
- OpenAI is negotiating a secondary share sale at a $500 billion valuation, up from $300 billion.
- Altman predicts OpenAI will spend trillions on data centers and ChatGPT will serve billions daily.
- MIT research shows 95% of enterprise AI pilots fail to deliver rapid revenue acceleration.
- The study attributes failures to implementation issues, not model quality, highlighting a 'learning gap'.
- Purchased AI tools succeed 67% of the time, while internally built systems succeed only 22%.