AI CEO Warns AI Will Be "Biggest Bubble of All Time"

Dot AI Bubble There’s a tremendous amount of hype surrounding AI, with investors pouring billions of dollars into burgeoning AI startups as they hope to catch the next big tech wave. But not everybody believes the trend will stick around for long. Even Emad Mostaque, the CEO of open-source AI company Stability AI — which is behind the immensely popular image generator Stable Diffusion — is afraid the industry will collapse like a house of cards. “I think this will be the biggest bubble of all time,” Mostaque told banking analysts on a call last week, as quoted by CNBC, explaining that the tech isn’t ready for the financial industry just yet. “I call it the ‘dot AI’ bubble, and it hasn’t even started yet,” he added. Hedging Bets But should we really take Mostaque at his word? Why would an AI CEO of his stature tell investors that AI is a bubble? Besides, just three months ago, Mostaque took a very different tack, adamantly telling the audience at a conference that “of course” AI isn’t a bubble and that it’s “bigger than 5G or self-driving cars.” So which is it? The CEO’s many colorful claims have drawn plenty of scrutiny. According to a Forbes profile published last month, Mostaque made plenty of misleading claims, down to the fact that he never got a master’s degree from Oxford. He also reportedly misled investors and bolstered his success with “exaggeration and dubious claims,” the publication claimed. While Mostaque has since denied these…AI CEO Warns AI Will Be "Biggest Bubble of All Time"

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