Bret Taylor, board chair at OpenAI and CEO of AI agent startup Sierra , was asked in a recent interview with The Verge whether he agreed with OpenAI CEO Sam Altman’s declaration that “someone is going to lose a phenomenal amount of money in AI.”

Taylor echoed Altman’s sentiments, suggesting that we are indeed in an AI bubble — but like Altman, he didn’t sound too worried about it.

“I think it is both true that AI will transform the economy, and I think it will, like the internet, create huge amounts of economic value in the future,” Taylor said. “I think we’re also in a bubble, and a lot of people will lose a lot of money. I think both are absolutely true at the same time, and there’s a lot of historical precedent for both of those things being true at the same time.”

Specifically

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