Amnesty International in “Industrial Bubble”, but society is to benefit

Turin, Italy – artificial intelligence is currently in “industrial bubble” but technology “real” and will provide great benefits for society, Amazon The founder Jeff Bezos said on Friday.

The term bubble usually refers to a period of enlarged stock prices or companies’ evaluation of the basics of business. One of the most popular bubbles that exploded was the 2000 Dotcom accident as the value of the Internet companies decreased.

Executive CEO Exoro John Elcan Bezos asked the stage at the Italian Technology Week in Turin, Italy if there were signs that the current artificial intelligence industry in the bubble.

“This is a type of industrial bubble,” said the founder of the Amazon.

Bezos has developed some of the main characteristics of the bubbles, noting that when it occurs, the stock prices are “separated from the basics of” business.

“The second thing that happens is that people feel very enthusiastic as if they were today about artificial intelligence,” Bizos added.

During bubbles, each experience or idea is funded, as the audience was told.

“Good thoughts and bad ideas,” Bizos said.

“But this does not mean anything that is not real. Artificial intelligence is real, and it will change every industry.”

Pesus gave an example of a company that receives billions of dollars in financing. This is “very unusual behavior”, however this type of activity happens today, and he said without clarifying the company he was referring to.

However, the billionaire said that industrial bubbles in the end may be positive. He referred to Bubble in the field of biotechnology and the pharmaceutical company in the nineties, which led to the development of some of the life -saving drugs, although many companies were finally set.

“(Industrial bubbles) is almost not bad, it can be good, because when the dust settles and sees those who are the winners, societies benefit from these inventions,” said Bezos.

“This is what will happen here too. This is real, the benefits that belong to society from artificial intelligence will be giant.”

Bezos is not the only main person who warns of the artificial intelligence bubble. In August, It is said that the CEO of Openai Sam Altman The artificial intelligence market said in a bubble, and many investors have raised this issue.

David Suleiman, CEO of Goldman Sachs On Friday, some concerns about the stock market levels expressed Amid the noise artificial intelligence.

“When (investors) are enthusiastic, they tend to think about good things that can go properly, and they reduce the things that should be skeptical about it can get worse … there will be reset, there will be a check at some point, there will be clouds,” Solomon said at the Italian Technology Week. “The extent of this will depend on the time it takes (Bull Run).”

Marwalim Karim, Chief Investment Investment Office in Asset Management, Selwood, He said last week “The artificial intelligence trade began to resemble one of the great speculation of Hanias.”