Sam Altman addresses 'the most fair criticism' of AI

Sam Altman is addressing one of investors' biggest concerns about AI. During a CNBC interview on Monday, the OpenAI CEO said questions about whether massive AI spending will ultimately pay off are legitimate, as companies continue pouring billions into infrastructure, chips, and software.

"So I think this is the most fair criticism right now of AI," Altman said. "You hear companies saying, I am spending a ton of money on AI. And I know some great stuff is happening, but I know there's a ton of waste." He summarized concerns he hears from businesses: "How long do I have to wait for it to really show up in revenue, and how long do I have to wait to really get the costs under control?" "I assume that the industry will figure that out pretty quickly, but I think that is a fair, a fair issue." The comments come as investors increasingly scrutinize whether the AI boom can generate enough revenue to justify its staggering costs.

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