Former Intel CEO Pat Gelsinger confirms the industry is in an AI bubble, but that a pop could be several years away — 'We’re displacing all of the internet and the service provider industry as we think about it today'

Pat Gelsinger.

Pat Gelsinger says we’re already in an AI bubble, but says it could be several years before anything bad happens. The former Intel CEO was asked during an interview on CNBC if we’re in an AI bubble, stating, “There’s a lot of leverage in the system, there’s a lot of cash, but then there’s a whole bunch of other folks who are trying to build these data centers. Whether there’s the energy component side of it, or whether you think about the real estate component, I mean, there’s just a whole lot of things happening at one time.”