Jeff Bezos warned that Wall Street’s AI fervor has bubble-like qualities even as he argued the technology itself is transformative. Speaking at Italian Tech Week, the Amazon founder said investors are funding both promising and poor ideas amid a rush into artificial intelligence, citing a multibillion-dollar bet on a six-person startup with no product. Still, Bezos said AI will lift quality and productivity across industries, a view echoed by market leaders investing heavily in chips and data centers. The remarks came as Nvidia’s market value has surged and OpenAI’s private valuation has soared, while Goldman Sachs CEO David Solomon cautioned that markets often outrun the near-term potential of new technologies.
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