Amazon founder Jeff Bezos said on Friday (3) that Artificial Intelligence (AI) crosses a phase of “industrial bubble”. Nevertheless, he said technology is concrete and should transform all areas of the economy.
According to him, the current scenario has typical signs of financial bubbles: prices of assets disconnected from fundamentals and investors by applying resources distinctly to variable quality projects. For bezos, this excess of enthusiasm is common in times of strong technological euphoria.
“This is a kind of industrial bubble,” said Amazon founder during the Italian Tech Week in Turin.
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The entrepreneur has evaluated, however, that industrial bubbles can have positive effects in the long run. He cited as an example the biotechnology sector in the 1990s, when many companies broke, but others developed drugs that became indispensable for public health. The reading is that AI will follow a similar way, with large -scale social gains.
“As [bolhas] Industrials are not so bad, they may even be good, because when the dust low and you see who the winners are, societies benefit from these inventions, ”said Bezos. ″ is what will happen here too. This is real, the benefits of AI for society will be gigantic.”
Other executives are also expressing concerns about a possible bubble of artificial intelligence. Sam Altman, CEO of OpenAi, recognized in August the excessive speculation in the sector.
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David Solomon, CEO of Goldman Sachs, said there will be a correction in the markets at some point, while Karim Moussalem, director of Selwood Asset Management, compared the current movement to some of the greatest speculative crazes in history.
