Speaking at Italian Tech Week in Turin, Exor CEO John Elkann asked Amazon founder Jeff Bezos whether there are signs that the current AI industry is in a bubble.
“This is a kind of industrial bubble,” Bezos stated. “The second thing that happens is that people get very excited like they are today about artificial intelligence.”
However, the billionaire mentioned that, in the end, industrial bubbles might have a positive side. He told the audience that during bubbles, every experiment or idea receives funding.
“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. But that doesn’t mean anything that is happening isn’t real. AI is real, and it is going to change every industry.”
“The [bubbles] that are industrial are not nearly as bad, it can even be good, because when the dust settles and you see who are the winners, societies benefits from those inventions… That is what is going to happen here too. This is real, the benefits to society from AI are going to be gigantic.” He concluded.
Italian Tech Week wraps up Friday evening after three days of discussions, where founders, investors, and industry leaders gather to connect and share knowledge.
By CEO NA Editorial Staff
