A company with a chatbot that often gets things wrong is somehow about to become the largest unicorn earth has ever seen. That does feel frothy.

Many fears of an AI bubble had hit a fever pitch at the start of this year when Chinese start-up DeepSeek released a competitive reasoning model.

OpenAI CEO Sam Altman believes that, given all the AI hype from investors and capital expenditures, we're currently in an AI bubble. Altman made the statement during a conversation with The Verge and a handful of other reporters on Thursday.