Anthropic CEO Dario Amodei shared his thoughts on if the AI industry was in a bubble at The New York Times DealBook Summit on Wednesday. This was in addition to throwing shade on one particular unnamed competitor, which was clearly OpenAI.

Amodei declined to give a simple yes-or-no answer to question of a bubble, saying it was a complex situation, but instead explained his thoughts about the economics of AI in more detail.

He described himself as bullish on the potential of the technology, but cautioned that there could be players in the ecosystem who might make a “timing error” or could see “bad things” happen when it comes to the economic payoffs.

“There’s an inherent risk when the timing of the economic value is uncertain,” Amodei explained. He said companies had to take risks to

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