Amazon's founder, Jeff Bezos, has expressed the view that, despite the current presence of what he terms an "industry bubble" in the artificial intelligence (AI) sector, the underlying technology is genuine and poised to revolutionize numerous industries. He explained that during periods characterized by speculative bubbles, both sound and flawed concepts tend to attract financial backing. However, he emphasized, once the bubble inevitably bursts, society stands to gain significantly from the innovative results that emerge from the ashes.

Bezos drew parallels with the biotechnology and pharmaceutical industry bubble of the 1990s, highlighting how such periods of frenzied investment can spur remarkable technological progress. This progress, he noted, includes the development of life-saving medications. In a similar vein, Bezos is confident that AI will confer immense benefits upon society. While acknowledging the current market's bubble-like indicators, he remains optimistic about the technology's long-term, positive impact.