OpenAI CEO Sam Altman believes that, given all the AI hype from investors and the subsequent capital expenditure, that we're current in an AI bubble, which he revealed during a conversation with The Verge,

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's CEO called AI both the most important technology in decades and an overhyped bubble — warning that some investors are bound to get burned