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.

A company with a chatbot that often gets things wrong is somehow about to become the largest unicorn earth has ever seen. That does feel frothy.

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.