OpenAI board chair Bret Taylor says we’re in an AI bubble (but that’s OK) (techcrunch.com)

Bret Taylor, OpenAI’s board chair and CEO of AI-agent startup Sierra, told The Verge he agrees with Sam Altman that “someone is going to lose a phenomenal amount of money,” framing the current moment as an AI bubble — and arguing that’s not incompatible with AI’s long-term transformative potential. Echoing the dot‑com comparison, Taylor said many companies and investors will get burned as the market corrects, but the underlying technological shift and economic value creation will persist, much like the internet era after 1999. For the AI/ML community this is both a warning and a roadmap: expect accelerated investment and experimentation now, followed by consolidation, failed startups, and reallocation of capital toward durable platforms and infrastructure. Practically, that means continued heavy spending on compute, data, and model R&D will produce powerful capabilities, but competition for talent, regulatory scrutiny, and the need for scalable, reliable production deployment will favor teams that build robust models, efficient pipelines, and defensible products. Taylor’s view reinforces a pragmatic stance for researchers, engineers, and investors — innovate aggressively, but design for long‑term utility and resilience rather than short‑term hype.