OpenAI chairman Bret Taylor says AI boom feels like dotcom era: “We’re in the hype cycle’s peak”

OpenAI chairman and CEO of AI Sierra Bret Taylor feels that the present wave of artificial intelligence innovations replicates the frenzy of the dotcom boom — with all its promise, pressure, and potential pitfalls. As reported by The Verge, speaking at the recent podcast episode, Taylor talked about the explosive growth of AI agents and the increase of investor interest, likening it to the early 2000s internet gold rush. “It feels like the dotcom boom,” he said, stressing on the fact that the excitement is justified but the industry is also grappling with inflated expectations and the huge number of startups chasing the same dream.

Taylor’s company Sierra is also developing AI agents which are designed to automate business workflows starting from customer support to internal operations with the help of natural language interfaces.