In this article

AMZN

Follow your favorite stocks CREATE FREE ACCOUNT

TURIN, Italy — Artificial intelligence is currently in an "industrial bubble" but the technology is "real" and will bring big benefits to society, Amazon Founder Jeff Bezos said on Friday.

The term bubble usually refers to a period of inflated stock prices or valuations of companies that have disconnected from the fundamentals of a business. One of the most famous bubbles that burst was the 2000 dotcom crash where the value of internet companies plummeted.

Exor CEO John Elkann asked Bezos on stage at Italian Tech Week in Turin, Italy whether there were signs that the current AI industry is in bubble.

"This is a kind of industrial bubble," the Amazon founder said.

Bezos laid out some of the key charact

See Full Page