Amazon founder Jeff Bezos has a message for all those predicting AI to fail

Key Takeaways

• Jeff Bezos likened the AI boom to the biotech bubble Project Prometheus What Jeff Bezos said about ending taxes for Americans Amazon founder Jeff Bezos has now dismissed the fears of artificial intelligence bubble.
• In a recent interview with CNBC, Bezos said that even if the current frenzy around AI valuations and investments proves unsustainable, the long-term benefits will outweigh the risks.
• “Even if it does turn out to be a bubble, you shouldn’t worry about it because the bubble is driving investment and a lot of the investment is going to turn out to be very healthy,” Bezos said in an interview on Squawk Box.
• He also noted that the excitement around AI means that every experiment is getting funded, including questionable ideas.
• But he argued that the good ideas will pay for the losers and the society will benefit from the technological regardless.Further talking about the AI bubble, Bezos drew references from the biotech bubble on the 1990s, when the investor enthusiasm led to a market crash but left behind life-saving drugs.