Many fears of an AI bubble had hit a fever pitch at the start of this year when Chinese start-up DeepSeek released a competitive reasoning model.

OpenAI CEO Sam Altman noted this month that generative AI could be a bubble, while at the same time promising trillions of dollars of data center and compute spend.

OpenAI CEO Sam Altman believes that, given all the AI hype from investors and capital expenditures, we're currently in an AI bubble. Altman made the statement during a conversation with The Verge and a handful of other reporters on Thursday.