Concerns Grow in Silicon Valley About Possible AI Bubble
Questions are mounting in Silicon Valley over whether the skyrocketing valuations of artificial intelligence firms are truly justified. A growing number of investors and analysts are warning that the sector may be inflating faster than its true potential, raising concerns about a potential financial bubble. OpenAI’s CEO Sam Altman has acknowledged that mistakes are inevitable in the current AI investment rush, admitting that some startups will receive “silly amounts” of money. Still, he insists OpenAI’s growth reflects real progress, not hype. The International Monetary Fund (IMF), the Bank of England, and JPMorgan Chase’s chief, Jamie Dimon, have all cautioned that…