Overview

• At a dinner in San Francisco, Altman compared the current surge in AI funding to the dot-com bubble and warned that “someone's gonna get burned.”
• He described valuations of early-stage AI startups as “insane” and unreflective of sustainable business fundamentals.
• Altman confirmed that OpenAI intends to invest trillions of dollars in data center construction to support its AI operations.
• He indicated that OpenAI will likely pursue a public listing in the future but suggested he may not serve as CEO once it is public.
• His remarks inject caution into an AI sector that has seen billions in recent funding rounds and faces projected cash burn through 2027.