OpenAI CEO Sam Altman admits AI is a bubble, while investors pour billions into generative AI, yet companies struggle to turn the hype into profitable products.
Doom Hype, i.e., the AI Bubble
In an August interview with The Verge, Sam Altman, head of OpenAI, acknowledged that AI is a bubble but still talks grandly about building a trillion‑dollar data‑center network.
Investors Pour Billions into Generative AI
Generative AI is credited with contributing more than 90% of the United States’ economic growth. Major tech giants such as Google, Meta, and Amazon invest billions, and owners of smaller companies either purchase AI solutions or aim to develop their own to avoid falling behind.
OpenAI Struggles to Monetize
Despite its high-profile presence, OpenAI has not released any language‑model product or service that generates profit. MIT’s yearly report shows that 95% of firms hoping to boost revenue with AI actually fail in the sector.
Podcast Explores Erosion of Enthusiasm
The podcast episode titled “What It Will Be” investigates why confidence in generative AI has waned, how the technology is affecting today’s job market, and what the latest research and market data suggest about its future.
