""This is a kind of industrial bubble," he told the audience. "Investors have a hard time in the middle of this excitement, distinguishing between the good ideas and the bad ideas. And that's also probably happening today.""
""Employees were nervous, like all of our employees' parents were calling them and saying, 'Are you okay?' But every single business metric was getting better," Bezos said. "That's the hallmark of a bubble - the stock prices can be completely disconnected from the fundamentals of the business.""
""AI is real, and it is going to change every industry," he said. "The benefits to society from AI are going to be gigantic.""
AI is experiencing an industrial bubble marked by stock prices and valuations disconnected from business fundamentals, rampant investor enthusiasm, and difficulty distinguishing promising ventures from doomed ones. Historical market disruptions show similar dynamics, including sharp collapses despite improving metrics. Small companies with minimal employees are attracting massive funding, creating an unusually overheated investment environment. Despite the speculative excess and investor frenzy, AI is real, expected to change every industry, and predicted to provide gigantic benefits to society.
Read at Business Insider
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