OpenAI board chairman Bret Taylor said artificial intelligence is “probably” in a bubble and predicted a correction and consolidation over the coming years, even as he described himself as an AI optimist. Speaking at the World Economic Forum in Davos, Mr. Taylor said abundant capital is funding competitors across the AI stack, and the market will sort out where the real value lies. Taylor, who co-founded customer-service AI startup Sierra—valued at $10 billion after a recent $350 million raise—said AI’s impact will be broad across commerce, search and payments, but adoption will take time as regulation and infrastructure evolve. “We’re at the beginning of this curve,” he said, adding that messy competition is often a precursor to innovation.
Related article:
