[Latest News] What the Top Tech Leaders Are Saying About the “AI Bubble”

Leading figures in the tech industry have expressed sharply divided views on whether the current surge in artificial intelligence represents a speculative “bubble” or a sound investment in the future.

• Sam Altman, CEO of OpenAI
  Altman believes the AI market is experiencing a bubble. In August, he warned that hype, massive spending, and investor excitement could lead to a sudden collapse. He told The Verge, “Investors are maybe too excited about AI … Someone’s going to lose a huge amount of money, but a lot of people are going to make a huge amount — we just don’t know who yet.”

  

• Bill Gates
  The Microsoft co-founder says there is indeed a bubble, but he is not overly worried. Gates compared the situation to the dot-com bubble, noting that while some investments may fail, the breakthrough AI brings is of enormous value.

• Jensen Huang, CEO of Nvidia
  Huang strongly disagrees that AI is in a bubble. According to him, AI is simply part of a larger transition: “We’re moving from old computing models to accelerated computing. Systems that can reason and think will bring tremendous benefits for humanity.”

• Lisa Su, CEO of AMD
  Su argues that talk of an AI bubble is short-sighted. She told Time that people need to look ahead: “In the next five years, AI’s potential will transform everything we do. I truly believe in that potential.”

• Mark Zuckerberg, CEO of Meta
  Zuckerberg said an AI bubble could happen - but only if technological progress stalls. On the Access podcast, he stated: “If models keep advancing in capability and demand keeps growing, there will be no collapse … The risk for a company like Meta is being too cautious, not too aggressive.”

• Sundar Pichai, CEO of Google
  Pichai warned of irrational exuberance in the AI investment wave. Speaking to the BBC, he said that the fallout could be broad if a bubble bursts: “I don’t think any company is immune, including us … If it pops, I think it could be more destructive than the dot-com bubble.”

• Jeff Bezos, Founder of Amazon
  Bezos acknowledged the existence of an “industrial bubble,” but he remains optimistic about AI’s long-term value. Speaking at an event in Italy, he said that while speculative ventures may fail, the eventual winners will bring real benefits to society.

• Eric Schmidt, Former CEO of Google
  Schmidt rejected the bubble narrative altogether. Drawing from his experience, he believes AI represents a fundamentally new industrial structure, not the kind of speculative bubble seen in the past.

• Pat Gelsinger, Former CEO of Intel
  Gelsinger agrees there’s a bubble, but he doesn’t expect it to burst in the short term. He told CNBC that although there’s a lot of hype and leverage, meaningful business gains have yet to materialize - but he believes AI will eventually transform the internet and the tech industry