Bret Taylor, board chair at OpenAI and CEO of AI agent startup Sierra, recently weighed in on the heated debate around artificial intelligence hype. In an interview with The Verge, Taylor was asked if he agreed with OpenAI CEO Sam Altman’s warning that “someone is going to lose a phenomenal amount of money in AI.”
His answer: yes — and that’s okay.
“I think it is both true that AI will transform the economy, and I think it will, like the internet, create huge amounts of economic value in the future,” Taylor said. “I think we’re also in a bubble, and a lot of people will lose a lot of money. I think both are absolutely true at the same time, and there’s a lot of historical precedent for both of those things being true at the same time.”
Taylor likened today’s AI boom to the dot-com bubble of the late 1990s. While countless internet startups collapsed when that bubble burst, the overall thesis — that the internet would reshape the world — proved correct.
As Taylor put it, “all the people in 1999 were kind of right.”
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