Jeff Bezos descends from AI Boom as a kind of “good” bubble

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Amazon founder Jeff Bezos has argued that the huge increase in artificial intelligence feeds a kind of “good” bubble, as it provides permanent benefits to society even if stock prices collapsed significantly as the e -commerce company did 25 years ago.

“This is a type of industrial bubble instead of financial bubbles,” Bezos said at a technical conference in Turin on Friday

He said: “The banking bubble, the crisis in the banking system, is very bad, as this is similar to 2008.

“This industrial is almost not bad, it can be good. Because when dust settles and sees who the winners – society benefits from these inventions,” continued. “This is what will happen here too. This is real. The benefits of society will be giant.”

In a rare general appearance, Bezos – Who is now the CEO of Amazon after step down as CEO in 2021 – He was interviewed on the Italian Technology Week by John Elcane, billionaire of the AGNelli breed in Italy and head of Stellantis and Ferrari.

The large -scale conversation included a prediction by Bezos, who is also the founder of Rockket Company Blue Orige, which will live millions of people in space “in the next two decades”.

He added: “They will often live there because they want it,” because the robots will be more capable and effective than working in space. It also predicts that the vast artificial intelligence centers, which works in the sun, will be built in space.

“There was no better time to be excited for the future,” Bizos announced. “We are talented to live in a moment when there are many golden ages.”

When asked by Elkann about the similarities between Dotcom Boom and Ai Cressed, Bezos recalled the nervousness of employees and investors narrowed as the Amazon share price decreased from $ 113 to $ 6 in a “very short time” in 2000, but though, the Amazon share price has become “basics” from his strong business.

“When people are very excited because today about artificial intelligence, for example, each experiment is funded, each company is funded,” he said.

“Investors face a difficult time in the middle of this excitement to distinguish between good ideas and bad ideas. This may also happen today. But this does not mean that anything happens unreal. Amnesty International is real, it will change every industry.”

He added: “We don’t know how much time will take exactly, but this is very real.”

Earlier in this event, David Solomon, President of Goldman Sachs, warned that many of the capital that is invested in artificial intelligence “will turn into not providing returns”, although he said it is still unclear whether the technology market is in a bubble.

When the current cycle ends, “” There will be a lot of capital that has been published has not achieved returns. It is not different this time. We don’t know how to do it. ”

Suleiman told Turin that artificial intelligence was to enhance productivity was “very exciting”, expecting that “work will be transformed by artificial intelligence worldwide.”

But the CEO of the most famous American Investment Bank admitted that he was “not smart enough to find out” if the excitement of investors on Amnesty International turns into a bubble.

He said: “If this conversation is taking place in 1998, I would ask the same question, but (the market) will continue for another three years.”

“We are at the beginning of the movie, not the end of the movie,” he added. “I will not be surprised if we see within 12 to 24 months to a decrease in stock markets, but it shouldn’t be surprising due to the operation we had.”