OpenAI's Altman says AI bubble exists but its importance remains real: report

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OpenAI CEO Sam Altman said artificial intelligence is currently in a market bubble, but that doesn't lessen the importance, impact and staying power of the technology, according to an interview with _The Verge_.

"If you look at most of the bubbles in history, like the tech bubble, there was a real thing," Altman said, according to the report [https://www.theverge.com/command-line-newsletter/759897/sam-altman-chatgpt-openai-social-media-google-chrome-interview]. "Tech was really important. The internet was a really big deal. People got overexcited. Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes. Is AI the most important thing to happen in a very long time? My opinion is also yes."

The Microsoft (NASDAQ:MSFT [https://seekingalpha.com/symbol/MSFT]) and SoftBank-backed (OTCPK:SFTBY [https://seekingalpha.com/symbol/SFTBY]) creator of the extremely popular ChatGPT now has the fifth busiest website in the world with more than 700M weekly users, the report said. Altman is confident he can overtake Meta Platform's (NASDAQ:META [https://seekingalpha.com/symbol/META]) Instagram and Facebook for the No. 3 slot. But moving any higher means toppling Google (NASDAQ:GOOG [https://seekingalpha.com/symbol/GOOG])(NASDAQ:GOOGL [https://seekingalpha.com/symbol/GOOGL]), the reigning internet heavyweight champion.

"I think we're on the clear path to the third," Altman said to _The Verge's_ Alex Heath. "Then it gets harder. For ChatGPT to be bigger than Google, that's really hard."

The top five most visited websites in the world are google.com, youtube.com, facebook.com, instagram.com and chatgpt.com.

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