Amazon<\/a> Founder Jeff Bezos said on Friday.<\/p>\nThe term bubble usually refers to a period of inflated stock prices or valuations of companies that have disconnected from the fundamentals of a business. One of the most famous bubbles that burst was the 2000 dotcom crash where the value of internet companies plummeted.<\/p>\n
Exor CEO John Elkann asked Bezos on stage at Italian Tech Week in Turin, Italy whether there were signs that the current AI industry is in bubble.<\/p>\n
“This is a kind of industrial bubble,” the Amazon founder said.<\/p>\n
Bezos laid out some of the key characteristics of bubbles, noting that when they happen, stock prices are “disconnected from the fundamentals” of a business.<\/p>\n
“The second thing that happens is that people get very excited like they are today about artificial intelligence,” Bezos added.<\/p>\n
During bubbles, every experiment or idea gets funded, he told the audience.<\/p>\n
“The good ideas and the bad ideas.\u00a0And investors have a hard time in the middle of this excitement, distinguishing between the good ideas and the bad ideas. And that’s also probably happening today,” Bezos said.<\/p>\n
“But that doesn’t mean anything that is happening isn’t real. AI is real, and it is going to change every industry.”<\/p>\n
This is a breaking news story. Please refresh for updates.<\/p>\n","protected":false},"excerpt":{"rendered":"Amazon founder Jeff Bezos speaks with John Elkann, CEO of Exor and chairman of Ferrari at Italian Tech…\n","protected":false},"author":2,"featured_media":53291,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[345,356,343,344,354,357,85,46,2971,3890,40532,125,40533],"class_list":{"0":"post-53290","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-amazon-com-inc","10":"tag-artificial-intelligence","11":"tag-artificialintelligence","12":"tag-breaking-news-technology","13":"tag-business-news","14":"tag-il","15":"tag-israel","16":"tag-italy","17":"tag-jeff-bezos","18":"tag-john-elkann","19":"tag-technology","20":"tag-turin"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/53290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=53290"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/53290\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/53291"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=53290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=53290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=53290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}