Jeff Bezos, founder of Amazon, told CNBC that he sees no reason to be alarmed about a possible artificial intelligence bubble. For him, even if the current cycle is inflated, the volume of resources helps push technology forward.
“Even if it ends up being a bubble, you shouldn’t worry, because the bubble is driving investment – and much of that investment will turn out to be very healthy,” he said.
The speech comes amid record valuations and plans to spend hundreds of billions of dollars on AI by Amazon, Microsoft and Google, while names like Sam Altman, from OpenAI, warn of excessive enthusiasm.
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Bezos argues that phases in which “every experiment is funded,” including bad ideas, are part of the cycle and, in aggregate, are positive. “The good projects will pay for all the losers,” he said. He compared the moment to the biotechnology boom of the 1990s, which generated losses for investors but left a legacy of life-saving medicines.
Bezos stated that he currently focuses much of his time on AI initiatives at Amazon, the rocket company Blue Origin and his new startup, Project Prometheus.
Launched in November with US$6.2 billion, Prometheus develops AI models for physical tasks such as engineering, manufacturing and drug design. According to him, the company is creating an “artificial general engineer”, a “very modern” version of CAD software.
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