Bret Taylor, the chair of the OpenAI board, asserts that we are currently experiencing an AI bubble; however, this is acceptable.

Bret Taylor, the chair of OpenAI's board, mentions that we are currently experiencing an AI bubble, but he believes that's perfectly fine.

Bret Taylor, who serves as the board chair at OpenAI and is the CEO of the AI agent startup Sierra, was recently interviewed by The Verge. During the conversation, he was asked if he concurred with OpenAI CEO Sam Altman’s statement that "someone is going to lose a phenomenal amount of money in AI."

Taylor agreed with Altman, indicating that we are indeed experiencing an AI bubble — yet, like Altman, he didn’t seem overly concerned about it.

"I believe it is true that AI will revolutionize the economy, and similar to the internet, it will generate significant economic value in the future," Taylor remarked. "I also think we are in a bubble, and many individuals will lose substantial amounts of money. Both of these statements can be true simultaneously, and there is ample historical evidence supporting both scenarios being valid at the same time."

In particular, Taylor likened the current AI environment to the dot-com bubble of the late ‘90s. He noted that while numerous companies collapsed when the bubble burst, "all the people in 1999 were kind of right."