"Up until the last couple of months or so what surprised me in one sense is that there wasn't really much sign of a bubble [in AI], he told the Financial Times. OpenAI is reportedly in talks about a share sale that would value the startup at $500bn (370bn), up from $300bn in April and $157bn last October. Anthropic almost trebled its valuation recently, going from $60bn in March to $170bn last month."
"I think one needs to be honest that those sudden increases [in valuation] that people were willing to place on OpenAI, Anthropic and the like were disconcerting, he said. That scale of jump and the pace with which it happened did bother me. Anderson also raised concerns about Nvidia's investment of up to $100bn in OpenAI. Nvidia is a key player in AI infrastructure as a maker of the computer chips that are used in training and operating AI models,"
Valuations of AI companies have surged sharply in recent months, prompting concern about a possible market bubble. OpenAI reportedly pursued a share sale valuing the company at $500bn, up from $300bn in April and $157bn last October. Anthropic's valuation rose from $60bn in March to $170bn. The scale and rapidity of these valuation increases alarmed investors. Nvidia agreed to invest up to $100bn in OpenAI while supplying chips for cash. Observers drew parallels with vendor financing and dotcom-era lending practices by equipment makers. Nvidia occupies a dominant position in AI chip infrastructure.
Read at www.theguardian.com
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