OpenAI chairman Bret Taylor is not naive to the potentially mammoth consequences of a tech bubble, but he said the prospect isn’t without its benefits. The former Facebook CTO and current CEO of AI business platform Sierra shares the opinion of OpenAI CEO Sam Altman that we’re in an AI bubble—but that’s not entirely a bad thing.
“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 in the most recent episode of The Verge’s “Decoder” podcast. “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.”
