Sam Altman says investors are acting irrational in a booming AI bubble

Editor's take: Even to a non-investor, it is clear that we are in the middle of a massive AI bubble. It is not a matter of if it will burst, but when. Many of the companies driving this growth seem more interested in ginning up hype than being realistic about the value of the technology.

OpenAI CEO Sam Altman has acknowledged what many economists have suspected for months: the artificial intelligence sector is in a bubble fueled by overexcited investors. In a dinner interview with reporters in San Francisco, the ChatGPT chief compared today's AI investment frenzy to the dot-com bubble of the late 1990s – a rare moment of candor from a leader whose company sits at the center of the boom.

"Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes," Altman said.

Altman's remarks come as AI ...