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Fortune
Fortune
Nino Paoli

Jeff Bezos agrees with OpenAI’s Sam Altman: We’re in an AI bubble. But Amazon's founder says the benefits will be ‘gigantic’

Amazon's founder Jeff Bezos applauds as he speaks with Stellantis' Chairman John Elkann on stage during the Italian Tech Week 2025, at OGR Officine Grandi Riparazioni, in Turin, northern Italy, on October 3, 2025. (Credit: MARCO BERTORELLO/AFP via Getty Images)

Jeff Bezos joined Sam Altman in admitting the existence of an AI bubble—but Amazon’s founder sees upside.

Recently, many AI-related companies have seen voracious optimism and spikes in valuations. In August, the OpenAI CEO told reporters the AI market was in a bubble. When bubbles happen, “smart people get overexcited about a kernel of truth,” Altman warned, drawing parallels with the dot-com boom. Still, he said his personal belief is “on the whole, this would be a huge net win for the economy.”

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