In the last week, two prominent voices in AI attempted to make some adjustments to the AI discourse. Asked if “investors as a whole are overexcited about AI,” OpenAI’s Sam Altman answered “yes” to a group of gathered reporters, according to the Verge. Then he used that word. “When bubbles happen, smart people get overexcited about a kernel of truth,” he said. “If you look at most of the bubbles in history, like the tech bubble, there was a real thing. Tech was really important. The internet was a really big deal. People got overexcited.”

It would be a mistake to read this as a major departure from Altman’s wide-ranging and often inconsistent public musings about AI: His intention here, after a rocky rollout for his company’s latest model, GPT-5, seems to be to situate OpenAI outs

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