Last Thursday, OpenAI CEO Sam Altman told reporters at a private dinner that investors are overexcited about AI models. "Someone" will lose a "phenomenal amount of money," he said, according to The Verge. The statement came as his company negotiates a secondary share sale at a $500 billion valuation—up from $300 billion just months earlier.

It's AI summer, but some business leaders seem concerned that they're partying like it's 1999, just before the dot-com bubble burst. OpenAI CEO Sam Altman recently told reporters that the AI market might be too hot,

OpenAI CEO Sam Altman believes the world is living through an artificial intelligence (AI) bubble — but he insists that the underlying technology remains one of the most important innovations of the modern era.