There are 3 signs that generative AI might be reaching peak market froth — and it's not just OpenAI

Oct. 6, 2024 - Business Insider

There are signs across AI models, chips, and new form factors that the market is getting frothy. Investors spent the summer wondering if top AI stocks could continue to justify soaring valuations in the face of absent returns from their massive AI spending.

Now, signs have emerged that they're not yet done with generative AI mania. OpenAI reaches dizzying new heightsSam Altman's OpenAI secured a $157 billion valuation after raising $6.

6 billion in its latest funding round. In short, a lossmaking startup must justify its $157 billion valuation.

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