Overview

• Speaking in Turin with Ferrari chair and Exor CEO John Elkann, Bezos labeled today’s AI investment surge an “industrial bubble.”
• He said investor excitement means “every experiment gets funded,” including tiny teams raising billions before a product, making winners hard to pick.
• Bezos distinguished industrial bubbles from financial crises, citing 1990s biotech and the dot‑com era as periods where losses preceded enduring innovations.
• He maintained that AI is real, will affect every industry and raise company productivity, and that the benefits to society will be “gigantic.”
• Coverage highlighted froth signals such as Reuters’ report of OpenAI valued near $500 billion and big data‑center deals, with leaders like Sam Altman and David Solomon voicing caution.