US EditionBezos says ‘industrial bubble’ in AI could benefit society
- Jeff Bezos stated that artificial intelligence is currently in an 'industrial bubble,' but insisted the technology is real and will provide 'gigantic' benefits to society.
- He compared the current AI hype to the 1990s biotech boom, noting that it brought both failures and life-saving advancements.
- Bezos warned of an 'unusual' situation where investors are experiencing a frenzy in AI, with valuations disconnected from fundamentals, making it difficult to identify promising ideas.
- Other industry leaders, including Sam Altman and Joe Tsai, have echoed concerns about the overheated AI market and the potential for a 'reset' in stock valuations.
37 Articles
37 Articles
Amazon's big boss, Jeff Bezos, said that spending on artificial intelligence (AI) is like an "industrial bubble" that could lead to a loss of investment, but would also improve society.
Bezos says ‘industrial bubble’ in AI could benefit society
Amazon founder Jeff Bezos suggested Friday there is a bubble in the AI market but argued this ultimately could benefit society. During an appearance at Italian Tech Week, the billionaire sought to distinguish what he described as an “industrial bubble.” “This is a kind of industrial bubble, as opposed to financial bubbles,” Bezos said in…
Daily Journal
AI in an 'industrial bubble' but will benefit society: Bezos
Artificial intelligence technology is in an "industrial bubble," Amazon founder Jeff Bezos told a tech conference in Italy on Friday, but the benefits to society will be "immense".
Bezos admits AI is in 'industrial bubble,' but eventual societal benefits remain 'real'
Amazon (AMZN) founder and former CEO said artificial intelligence is currently in "a kind of industrial bubble" and stock prices are "disconnected from the fundamentals" during a tech conference in Italy on Friday, according to CNBC.
Jeff Bezos says AI is in a bubble — but the payoff for society will be 'gigantic'
Jeff Bezos said artificial intelligence is in a bubble, but added the technology is real and will ultimately deliver "gigantic" benefits to society.Remo Casilli/REUTERSJeff Bezos says AI is in a bubble but says the tech is real and set to transform industries.Bezos compared the AI hype to the 1990s biotech boom that produced major breakthroughs.He warned that tiny startups raising billions show an "unusual" investor frenzy sweeping the AI market…
Coverage Details
Bias Distribution
- 42% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
