On October 14, according to Business Insider, former Intel CEO Pat Gelsinger reviewed his tenure at Intel in an interview and said that the AI industry is now in a bubble. Gelsinger, who now serves as a general partner at venture capital firm Playground Global, talked about his nearly four years as Intel CEO in an interview with CNBC. He said Intel had "made a series of wrong decisions over the past 15 years" and had "reacted too slowly in the field of AI."
Kissinger
He also said that the current hot market for AI is a bubble. "Are we in an AI bubble? Absolutely, no question about it," he told CNBC's "Squawk Box." "I mean, we're hyping AI and accelerating investment and putting tremendous leverage on the entire system."
However, he believes the bubble "won't burst for a few years." Gelsinger said that although there has been a "transition to AI" across the industry, companies "haven't really started to get material benefits from it yet."
Some other technology leaders have also said that there is a bubble in the AI field, including OpenAI CEO Sam Altman. Alibaba co-founder Joe Tsai said he was "starting to see signs of some kind of bubble." Nvidia CEO Jensen Huang is reluctant to compare the Internet bubble in 2000 with the current AI market.