Particle.news
Download on the App Store
29 ARTICLES
·
4d ago

Bezos Calls AI an 'Industrial Bubble' as Goldman's Solomon Warns of 12–24 Month Drawdown

The comments crystallize a view that frothy AI funding could precede a market pullback despite broad confidence in the technology’s productivity.

David Solomon, chief executive officer of Goldman Sachs Group Inc.
Image
OpenAI CEO Sam Altman is once again forecasting what sounds awfully like the catastrophic burst of the AI bubble.
Image

Overview

  • At Italian Tech Week in Turin on Oct. 3, Jeff Bezos described today’s AI surge as an "industrial bubble" in which every idea gets funded.
  • He cited cases of investors pouring billions into six-person startups with no product, calling the frenzy unusual but not unreal.
  • Goldman Sachs CEO David Solomon said a drawdown in equities over the next 12 to 24 months would not surprise him as some AI capital fails to earn returns.
  • Solomon nonetheless expressed long-run optimism about AI’s power to boost enterprise productivity and said he is not worried about its future.
  • The remarks land after outsized gains and financings across AI, including OpenAI’s $500 billion valuation and Nvidia’s dramatic multiyear rise.