Saralnama
OpenAI CEO Sam Altman warned investors are overexcited about AI, predicting someone will lose a "phenomenal amount of money" as his company negotiates a secondary share sale valuing OpenAI at $500 billion, up from $300 billion months earlier. Altman compared the current AI market to the 1990s dot-com crash but also projected OpenAI will spend trillions on data centers and serve billions daily. This came alongside MIT research showing 95% of enterprise AI pilots fail to accelerate revenue, attributing failures to implementation rather than AI quality. Despite warnings, major tech firms like Microsoft and Google continue heavy AI investments, supported by strong profits, potentially preventing a sudden market crash. OpenAI reported $1 billion monthly revenue but faces a projected $5 billion annual loss. Altman’s dual messaging acknowledges a bubble while emphasizing AI’s long-term societal value and infrastructure needs. The AI market remains competitive with companies like Google, Meta, and Anthropic investing heavily, even as enterprise adoption struggles persist. (Updated 22 Aug 2025, 13:16 IST; source: link)