FYI, Altman also said OpenAI is planning to invest “trillions” into AI in the “near future”. He said this at the same time as saying AI is bubbly.

This article is based off of the Altman bubbly comment.

▲

xg15 a day ago | parent | next [-]

Self-contradictory communication seems to become his style.

"AI is an existential risk for humanity, that's why we have to dump all resources we have into building it".

"It's critically important that AI as an industry is regulated, but also we'll pull out of the EU if they try to regulate us"

	▲	easywood a day ago \| parent \| next [-]
		I think you should read it like this: "AI is an existential risk for humanity ...". ... so you should trust only us to build it "AI as an industry should be regulated ..." ... to make it harder for newcomers on the market.
	▲	dandanua a day ago \| parent \| prev [-]
		[flagged]

▲

ivape a day ago | parent | prev [-]

He’s saying it’s bubbly because he can’t get good prices to buy out startups. He’s a buyer, first and foremost. No one wants to have to pay $20bn for some of these companies. They don’t believe it’s a bubble on any level, and I do think anyone in involved sees it as an infinite investment until the very end of the world (not kidding). It’s the end-game for software tech, especially if you are willing to be humbled by what stuff like Genie3 will become.

There is absolutely nothing else left to invest in when it comes to software development, this is it.

	▲	aurareturn a day ago \| parent [-]
		Yep. Agreed. He said this to knock down price on AI startups for acquisition and to stop the ballooning talent war costing hundreds of millions. It’s so painfully obvious but so many AI doomers use it as evidence. He doesn’t want a talent war with Meta and Apple. And Meta has responded by signaling a truce in the talent war by saying they’re freezing AI hiring.