OpenAI board chairman Bret Taylor has declared AI is “probably” a bubble, expecting market correction and consolidation in coming years. Speaking at Davos, Taylor—who also founded $10 billion AI startup Sierra—compared the current landscape to the 1999 dot-com bubble. Despite calling himself an AI optimist, he believes both “smart” and “dumb money” are flooding the sector, though he expects the free market to eventually determine real winners.
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