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Is the AI bubble about to pop? Sam Altman is prepared either way.
“Someone will lose a phenomenal amount of money,” says CEO while fundraising at record prices.
Wired reported that he also predicted his company will spend "trillions of dollars on data center construction in the not very distant future" and that ChatGPT will soon serve "billions of people a day." The research analyzed 300 public AI deployments, surveyed 350 employees, and included 150 interviews with business leaders, although Financial Times columnist Robert Armstrong noted this week that the MIT report "reads like something given away on the 'research' page of a large consultancy." When economists raised concerns, Altman dismissed them by saying, "Let us do our thing," framing trillion-dollar investments as inevitable for human progress while making OpenAI's $500 billion valuation seem almost reasonable by comparison.
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