OpenAI CEO Sam Altman warns that the AI market may be in a bubble reminiscent of the 1990s dot-com era. He states, “Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes.” Altman’s sentiments echo concerns from industry leaders like Joe Tsai, Ray Dalio, and Torsten Slok, who believe current valuations may surpass those of the dot-com boom. Despite an anticipated $20 billion in annual revenue, OpenAI remains unprofitable, highlighting the industry's speculative nature.