Wall Street analysts are confident that the artificial intelligence boom still has an operating room. Even if Sam German, CEO of Openai in the midst of all of this, was less confident.
Speaking to correspondents during dinner at the end of last week, Altman attracted a parallel between the madness of artificial intelligence today and Bubble Dotcom in the 1990s, when the Internet company’s assessments increased significantly before collapse.
“When bubbles occur, smart people outperform the nucleus of the truth,” Al -Tamman said in the comments I was informed by drilling. “If you look at most bubbles in history, like the technology bubble, there was a real thing. Technology was really important. The Internet was a really big problem. People got excessive.”
He pointed out that some of the emerging assessments of companies that collect hundreds of millions of dollars with only three employees were “crazy”.
He said: “Are we at a stage where investors are as an exaggeration about artificial intelligence? My opinion is yes.” “Is artificial intelligence the most important thing that happens in a very long time? My opinion is also yes.”
Altman warned that some investors are likely to burn because some of the noise relaxation, but they confirmed that the long -term value created by artificial intelligence will outperform short -term losses. He also repeated the word “Three times” bubble in 15 seconds, joking that the comments are likely to become a title.
However, Dan Evez of Wedbush was not tightened in a slightly tone of Altman TePid. He said luck The “artificial intelligence revolution will nourish the technological bull market for at least two or three years.
He said in an email message: “This is trillion spent in building this fourth industrial revolution.
Richard Spenstein, the chief investment official of Treasury Partners, also ignored concerns, noting that the shares of large technology that remains the driving force of the market.
In the Memorandum Memorandum I mentioned before BaronHe wrote that the major technology companies “pushed the market to the top and will continue to control the performance of the market,” noting the expectations of continuous profit growth, re -investing strong cash flows, and expanding their global arrival.
SapersStein advised investors to stay fully invested in American stocks, especially focusing on large technology names. He referred to the structural tail winds, including standard cancellation, cold treatment, and favorable treatment of capital expenditures, which are believed to support both companies’ performance and the broader economic growth in the coming years.
There is no sign of slowdown
Investors have had a reason for joy in recent weeks, as major technology companies have reported profits that exceeded expectations. Microsoft, Alphabet and Meta have published strong growth and no signs of retreat from artificial intelligence have shown.
The largest technology companies, including Microsoft, Amazon, Alphabet and Meta, have increased the forecast of capital spending to meet the increasing demand for artificial intelligence. Openai Altman is not different.
“You should expect Openai trillion dollars to build the data center in the very not far -not -far -not,” Altman said in the comments reported by The Verge. “You should expect a handful of economists who scream at their hands, saying:” This is very crazy, it is very reckless, “and we will be like,” You know what? Let’s do what we have. ”
With the high spending of artificial intelligence, there was a mysterious concern that investing in artificial intelligence may exceed sustainable growth. The industry numbers, including the founder of Alibaba Joe Tsai and the founder of Bidgewateer Associates Ray Dalio, have expressed concerns about this trend.
Earlier this year, Dalio warned that the current course in Wall Street was “very similar” to those seen before the Dotcom Bust in 1998 and 1999.
“There is a major new technology that will definitely change the world and will be successful. But some people confuse that with the success of investments.” Dalio said Financial times.
in Last month’s reportand Global Administration Apollo The chief economist, Toristin Silok, went further, on the pretext that the current artificial intelligence boom could exceed the Internet bubble in the nineties. He pointed out that the 10 largest companies in the S&P 500 are now more than their assessment of the basics compared to the climax of the Dotcom era.
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