OpenAI CEO Sam Altman has publicly warned that the artificial intelligence (AI) market is currently experiencing a bubble reminiscent of the dot-com boom of the late 1990s and early 2000s. Altman expressed concern that investors are overly enthusiastic about AI, which could lead to substantial financial losses similar to the Nasdaq collapse during the dot-com crash. Despite these warnings, Altman emphasized the long-term importance of AI and revealed plans for OpenAI to invest trillions of dollars in data center infrastructure in the near future. The company is also seeking a valuation of approximately $500 billion. Industry analysts and other tech leaders have echoed concerns about a potential AI bubble fueled by investor fear of missing out (FOMO) and excessive capital inflows into AI startups. OpenAI has cautioned investors against unauthorized investment vehicles such as special purpose vehicles (SPVs) to gain exposure to its equity, highlighting regulatory and security risks. The debate around the AI bubble continues amid growing investments and market hype, with some comparing the current situation to historic market crashes like the 1929 crash and the dot-com bust.
🚫 OpenAI just published this warning against “unauthorized opportunities to gain exposure to OpenAI through a variety of means,” including special purpose vehicles, known as SPVs. To the context, getting exposure to AI company's equity has been ultra-hot among the investors https://t.co/x7B26wvx13
OpenAI warns investors against "unauthorized opportunities" to gain exposure to its equity, including through special purpose vehicles (@anthonyha / TechCrunch) https://t.co/Ah6iRAVxSw https://t.co/rJ4jI87JYJ
OpenAI warns against SPVs and other ‘unauthorized’ investments: https://t.co/Vl3nKLUUbZ by TechCrunch #infosec #cybersecurity #technology #news