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.

In an interview with reporters from multiple publications on Thursday night, OpenAI CEO Sam Altman said he believes the AI sector has entered the territory of a financial bubble.