Investor Frenzy Over Short-Term AI Gains in Silicon Valley is Too Much, Says OpenAI CEO Sam Altman

OpenAI CEO Sam Altman believes that there is excessive investor excitement over artificial intelligence or AI in Silicon Valley. Altman has been traveling globally to meet with policymakers, developers, and AI users. During a recent event in India, he stated that there is too much hype surrounding AI in the short-term, describing some of the things that are happening in Silicon Valley as “wildly overhyped”. Although he acknowledges that long-term investor interest is still underhyped as the value of AI technology is difficult to determine. Altman’s comments come as many AI startups announce new rounds of funding, and Y Combinator co-founder Paul Graham notes that most of the good AI investments are still private. Despite claims that OpenAI has already started working on the update of its popular chatbot GPT-5, Altman said the company has a lot of work to do before they are ready to start the model. OpenAI recently raised a round of funding via a share sale of $495 million, which valued the company at $27 billion to $29 billion.