Is the AI bubble about to pop? Sam Altman is prepared either way.
Last Thursday, OpenAI CEO Sam Altman told reporters at a private dinner that investors are overexcited about AI models. “Someone” will lose a “phenomenal amount of money,” he said, according to The Verge. The statement came as his company negotiates a secondary share sale at a $500 billion valuation—up from $300 billion just months earlier. “Are we in a phase where investors as a whole are overexcited about AI? My…