Sam Altman admitted we're in the midst of an AI bubble Thursday, but don't let that fool you: He still intends to rule over whatever's left after it bursts.

A bubble, the OpenAI CEO told a select group of reporters at a dinner Thursday night, is what happens when a bunch of smart people get too excited about something that nonetheless contains a kernel of truth. By that definition, Altman said, we're in the midst of a big ol' ready-to-burst AI bubble.

"If you look at most of the bubbles in history, like the tech bubble, there was a real thing," Altman said, according to a report from The Verge. "Tech was really important. The internet was a really big deal. People got overexcited."

He continued, "Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes. I

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