OpenAI may be a bubble, but AI is not

"OpenAI may be a bubble, but AI itself is not," said Wang Jian, an academician of the Chinese Academy of Engineering and director of Zhejiang Lab.

Wang compared today's AI boom to the dot-com era. Internet companies may have been part of a bubble, he argued, but the internet itself was not. Likewise, some AI companies and the stories capital markets tell about AI may contain elements of a bubble, but the underlying technology is not.