- Sam Altman may be right to say that investors in AI are “overexcited,” but this isn’t a bubble in the tulip mania sense. OpenAI has real revenues ($13 billion) and massive user growth. Still, tech valuations, especially the Magnificent Seven’s dominance in the S&P 500, look overheated, suggesting a potential correction even if fundamentals remain strong.
OpenAI CEO Sam Altman said the word “bubble” three times in 15 seconds in a room full of reporters and then urged them not to write a story about it—thus ensuring that plenty of stories would be written. He was arguing that investors are “overexcited” by AI.
