Sam Altman on AI bubble: ‘People make some dumb capital allocations’ from time to time
via fortune.com
Short excerpt below. Read at the original source.
OpenAI could now be the world’s most valuable startup, ahead of Elon Musk’s SpaceX and TikTok’s parent company ByteDance, after a secondary stock sale designed to retain employees at the ChatGPT maker. Current and former OpenAI employees sold $6.6 billion in shares to a group of investors, pushing the privately held artificial intelligence company’s valuation […]