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Amazon founder Jeff Bezos has brushed aside concerns over a looming artificial intelligence (AI) bubble, arguing that the current investment frenzy will ultimately prove beneficial for technological progress and society at large.
Speaking to CNBC International in an interview with Andrew Ross Sorkin on “Squawk Box”, Bezos said excessive enthusiasm around AI should not necessarily alarm investors or policymakers.
Bezos backs long-term AI push despite bubble concerns
“Even if it does turn out to be a bubble, you shouldn’t worry about it because the bubble is driving investment and a lot of the investment is going to turn out to be very healthy,” Bezos told CNBC.
The comments come as global technology giants continue to pour billions into AI infrastructure and applications. Companies including Microsoft, Google and Amazon are expected to collectively spend more than $700 billion on AI-related infrastructure this year.
Bezos acknowledged that the rush into AI means “every experiment is getting funded”, including weak or commercially unviable ideas. However, he argued that successful innovations would more than compensate for failed bets.
Drawing comparisons with the biotech bubble of the 1990s, Bezos said investors may have lost money during that cycle, but society still benefited from breakthrough medicines and scientific advances that emerged during the period.
'AI is central to Amazon, Blue Origin and new ventures'
Bezos also revealed that much of his current focus across Amazon, Blue Origin and his new AI venture, Project Prometheus, revolves around artificial intelligence.
Also Read: Amazon doubles down on India with fresh $35 billion investment through 2030
According to CNBC, Project Prometheus was launched in November with $6.2 billion in funding and is focused on building AI models for real-world industrial applications such as manufacturing, engineering and drug discovery.
Bezos said the startup was intentionally created as a standalone company to ensure dedicated focus and faster execution in a rapidly evolving AI landscape.
Speaking to CNBC International in an interview with Andrew Ross Sorkin on “Squawk Box”, Bezos said excessive enthusiasm around AI should not necessarily alarm investors or policymakers.
Bezos backs long-term AI push despite bubble concerns
“Even if it does turn out to be a bubble, you shouldn’t worry about it because the bubble is driving investment and a lot of the investment is going to turn out to be very healthy,” Bezos told CNBC.
The comments come as global technology giants continue to pour billions into AI infrastructure and applications. Companies including Microsoft, Google and Amazon are expected to collectively spend more than $700 billion on AI-related infrastructure this year.
Bezos acknowledged that the rush into AI means “every experiment is getting funded”, including weak or commercially unviable ideas. However, he argued that successful innovations would more than compensate for failed bets.
Drawing comparisons with the biotech bubble of the 1990s, Bezos said investors may have lost money during that cycle, but society still benefited from breakthrough medicines and scientific advances that emerged during the period.
'AI is central to Amazon, Blue Origin and new ventures'
Bezos also revealed that much of his current focus across Amazon, Blue Origin and his new AI venture, Project Prometheus, revolves around artificial intelligence.
Also Read: Amazon doubles down on India with fresh $35 billion investment through 2030
According to CNBC, Project Prometheus was launched in November with $6.2 billion in funding and is focused on building AI models for real-world industrial applications such as manufacturing, engineering and drug discovery.
Bezos said the startup was intentionally created as a standalone company to ensure dedicated focus and faster execution in a rapidly evolving AI landscape.
