The problem isn't that OpenAI is big news. The problem is that OpenAI currently appears to be worth more than AirBNB, Coinbase, Uber and Lyft combined, and Sam would have you believe this is still AI's "early stage". How much more liquidity is even left for this thing to soak up?
Yeah, the valuations are crazy, but think about it this way: the app economy and gig economy seemed absurdly speculative at first too. And now they’re worth trillions.
Early stage hype overshoots, sure, but sometimes it’s just pricing in things the old frameworks can’t even model yet.
