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Former Intel CEO Pat Gelsinger says AI is a bubble that won't pop for 'several years'

Daniel Nenni

Daniel Nenni

Admin
Staff member
Former Intel CEO Pat Gelsinger.

Former Intel CEO Pat Gelsinger.I-HWA CHENG/AFP via Getty Images
  • Ex-Intel CEO Pat Gelsinger says we are in an AI bubble, but it won't burst for "several years." Gelsinger told CNBC that businesses have yet to see material benefits from AI investments. Other tech leaders, including Sam Altman, have also suggested we may be in an AI bubble.
Former Intel CEO Pat Gelsinger is the latest voice to say the AI bull run is a bubble — but he said it won't burst for "several years."

"Are we in an AI bubble? Of course. Of course we are," Gelsinger told CNBC's "Squawk Box" in a Monday interview. "I mean, we're hyped. We're accelerating. We're putting enormous leverage into the system."

However, Gelsinger said he doesn't see the bubble ending for "several years."

Some investors and analysts have become increasingly vocal about the AI market being overheated and have questioned whether massive infrastructure investments from tech companies will pay off, if company valuations are too high, and whether AI tools are providing value for businesses.

Gelsinger said that, while there has been an "industry shift to AI," businesses have "yet to really start materially benefiting from it."

Gelsinger departed Intel in December 2024 after the US chipmaker struggled to keep up in the AI chip race.

Gelsinger, who is now a general partner at venture capital firm Playground Global, addressed his nearly four years as CEO of Intel, telling CNBC that the company "made a set of bad decisions over 15 years" and was "late on AI as well."

Other tech leaders who have suggested there is an AI bubble include OpenAI CEO Sam Altman, while Alibaba cofounder Joe Tsai said he was "beginning to see some kind of bubble."

Jensen Huang, the CEO of Nvidia — arguably the biggest winner of the AI boom — has dismissed comparisons between the dot-com bubble in 2000 and the AI market.

 
Out of the CEOs mentioned I would side with Jensen Huang. He separates training from inference or tokens. Yes there is a training infrastructure build up but the tokens being used will grow exponentially in my opinion. I use Grok and ChatGPT side by side and get great results and it is getting better every month.

No it is not like the Dot Com bubble or the Bitcoin mining bubble. AI will touch every aspect of our lives and it has just begun. AI will be a years long "bubble". The big AI bubble I see is the hype. The trillions of dollars that people are saying they will spend versus what they will actually spend. AI truly is an arms race and like any arms race there is a lot of smoke and mirrors involved.

As much as I admire Pat Gelsinger I do not feel he is the one to ask about AI.
 
Daniel Nenni said:
Former Intel CEO Pat Gelsinger.

Former Intel CEO Pat Gelsinger.I-HWA CHENG/AFP via Getty Images
  • Ex-Intel CEO Pat Gelsinger says we are in an AI bubble, but it won't burst for "several years." Gelsinger told CNBC that businesses have yet to see material benefits from AI investments. Other tech leaders, including Sam Altman, have also suggested we may be in an AI bubble.
Former Intel CEO Pat Gelsinger is the latest voice to say the AI bull run is a bubble — but he said it won't burst for "several years."

"Are we in an AI bubble? Of course. Of course we are," Gelsinger told CNBC's "Squawk Box" in a Monday interview. "I mean, we're hyped. We're accelerating. We're putting enormous leverage into the system."

However, Gelsinger said he doesn't see the bubble ending for "several years."

Some investors and analysts have become increasingly vocal about the AI market being overheated and have questioned whether massive infrastructure investments from tech companies will pay off, if company valuations are too high, and whether AI tools are providing value for businesses.

Gelsinger said that, while there has been an "industry shift to AI," businesses have "yet to really start materially benefiting from it."

Gelsinger departed Intel in December 2024 after the US chipmaker struggled to keep up in the AI chip race.

Gelsinger, who is now a general partner at venture capital firm Playground Global, addressed his nearly four years as CEO of Intel, telling CNBC that the company "made a set of bad decisions over 15 years" and was "late on AI as well."

Other tech leaders who have suggested there is an AI bubble include OpenAI CEO Sam Altman, while Alibaba cofounder Joe Tsai said he was "beginning to see some kind of bubble."

Jensen Huang, the CEO of Nvidia — arguably the biggest winner of the AI boom — has dismissed comparisons between the dot-com bubble in 2000 and the AI market.

Click to expand...

After watching Pat Gelsinger’s interview, I’m convinced that Intel’s board of directors made the wrong decision in hiring him as CEO in 2021, and the right decision in firing him in 2024.

Without acknowledging his own massive and careless spending or the over hirng that brought Intel to its knees, Pat Gelsinger is now blaming the Biden administration for not giving Intel billions in taxpayer money quickly enough and without milestone requirements attached.

He’s someone begging for free money from society while believing he’s the smartest person alive and that he deserves it more than anyone else.
 
Daniel Nenni said:
Former Intel CEO Pat Gelsinger.

Former Intel CEO Pat Gelsinger.I-HWA CHENG/AFP via Getty Images
  • Ex-Intel CEO Pat Gelsinger says we are in an AI bubble, but it won't burst for "several years." Gelsinger told CNBC that businesses have yet to see material benefits from AI investments. Other tech leaders, including Sam Altman, have also suggested we may be in an AI bubble.
Former Intel CEO Pat Gelsinger is the latest voice to say the AI bull run is a bubble — but he said it won't burst for "several years."

"Are we in an AI bubble? Of course. Of course we are," Gelsinger told CNBC's "Squawk Box" in a Monday interview. "I mean, we're hyped. We're accelerating. We're putting enormous leverage into the system."

However, Gelsinger said he doesn't see the bubble ending for "several years."

Some investors and analysts have become increasingly vocal about the AI market being overheated and have questioned whether massive infrastructure investments from tech companies will pay off, if company valuations are too high, and whether AI tools are providing value for businesses.

Gelsinger said that, while there has been an "industry shift to AI," businesses have "yet to really start materially benefiting from it."

Gelsinger departed Intel in December 2024 after the US chipmaker struggled to keep up in the AI chip race.

Gelsinger, who is now a general partner at venture capital firm Playground Global, addressed his nearly four years as CEO of Intel, telling CNBC that the company "made a set of bad decisions over 15 years" and was "late on AI as well."

Other tech leaders who have suggested there is an AI bubble include OpenAI CEO Sam Altman, while Alibaba cofounder Joe Tsai said he was "beginning to see some kind of bubble."

Jensen Huang, the CEO of Nvidia — arguably the biggest winner of the AI boom — has dismissed comparisons between the dot-com bubble in 2000 and the AI market.

Click to expand...

Profound!

Its like he can see into the future.
 
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