Sam Altman’s AI Bubble Warning: Is the Tech Frenzy Nearing a Dangerous Peak?
OpenAI CEO Sam Altman told tech reporters in San Francisco that the AI industry is in a frenzy and warned of a bubble. OpenAI’s private funding rounds have pushed its valuation to around $300 billion or more, with talk of a potential secondary sale at about $500 billion. Mira Murati’s new AI venture reportedly raised about $2 billion at a $12 billion valuation despite no product or revenue. Nvidia’s stock price surge propelled its market capitalization to $4 trillion by July 9, 2025, up about 1,300% since late 2022. The Magnificent Seven tech giants now account for nearly one-third of