Amazon founder Jeff Bezos has acknowledged the existence of an “AI bubble,” likening it to an industrial surge rather than a financial one. Speaking at Italian Tech Week in Turin, Italy, Bezos noted that while the current enthusiasm around artificial intelligence may resemble a bubble, it could ultimately benefit society.
He explained, “This is a kind of industrial bubble, as opposed to financial bubbles,” and added, “It can even be good, because when the dust settles and you see who are the winners, societies benefit from those investors.”
Bezos emphasized that the rapid investment in AI technologies, including chips and data centers, is indicative of a significant shift in the tech industry. He pointed out that, unlike the dot-com era, the current AI landscape includes established players like Nvidia and OpenAI, which are central to AI infrastructure and services.
Despite the speculative nature of the current AI investment climate, Bezos remains optimistic about the long-term impact of AI on various sectors, including healthcare, education, and transportation.
