Bret Taylor, board chair at OpenAI and CEO of AI agent startup Sierra [https://techcrunch.com/2025/09/04/bret-taylors-sierra-raises-350m-at-a-10b-valuation/], was asked in a recent interview with The Verge [https://www.theverge.com/decoder-podcast-with-nilay-patel/773904/sierra-ceo-bret-taylor-ai-agents-openai-bubble-interview] whether he agreed with OpenAI CEO Sam Altman’s declaration [https://finance.yahoo.com/news/someone-going-lose-phenomenal-amount-130131761.html] that “someone is going to lose a phenomenal amount of money in AI.” Taylor echoed Altman’s sentiments, suggesting that we are indeed in an AI bubble — but like Altman, he didn’t sound too worried about it. “I think it is both true that AI will transform the economy, and I think it will, like the internet, create huge amounts of economic value in the future,” Taylor said. “I think we’re also in a bubble, and a lot of people will lose a lot of money. I think both are absolutely true at the same time, and there’s a lot of historical precedent for both of those things being true at the same time.” Specifically, Taylor compared today’s AI landscape to the dot-com bubble of the late ‘90s. While many companies failed when the bubble burst, he argued that “all the people in 1999 were kind of right.”