Jeff Bezos says AI is in an 'industrial bubble' but society to get 'gigantic' benefits from the tech

TURIN, Italy — Artificial quality is presently successful an "industrial bubble" but the exertion is "real" and volition bring large benefits to society, Amazon Founder Jeff Bezos said connected Friday.

The word bubble usually refers to a play of inflated banal prices oregon valuations of companies that person disconnected from the fundamentals of a business. One of the astir celebrated bubbles that burst was the 2000 dotcom clang wherever the worth of net companies plummeted.

Exor CEO John Elkann asked Bezos connected signifier astatine Italian Tech Week successful Turin, Italy whether determination were signs that the existent AI manufacture is successful bubble.

"This is simply a benignant of concern bubble," the Amazon laminitis said.

Bezos laid retired immoderate of the cardinal characteristics of bubbles, noting that erstwhile they happen, banal prices are "disconnected from the fundamentals" of a business.

"The 2nd happening that happens is that radical get precise excited similar they are contiguous astir artificial intelligence," Bezos added.

During bubbles, each experimentation oregon thought gets funded, helium told the audience.

"The bully ideas and the atrocious ideas. And investors person a hard clip successful the mediate of this excitement, distinguishing betwixt the bully ideas and the atrocious ideas. And that's besides astir apt happening today," Bezos said.

"But that doesn't mean thing that is happening isn't real. AI is real, and it is going to alteration each industry."

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