Analysts downplay AI bubble worries as Altman says some investors will be left ‘very burnt’
Key Points
OpenAI CEO Sam Altman said AI is in a bubble, but he’s ready to keep”aggressively” spending on infrastructure.
Altman acknowledged “insane” valuations and irrational investor behavior, but framed it as a typical phase in tech’s boom-bust cycle.
Tech’s biggest names all raised capital expenditure guidance to keep pace with AI demand, with Microsoft, Amazon, Alphabet and Meta all set to spend big.
