This top Silicon Valley CEO says AI reminds him of dot-com bubble, claims OpenAI could disappear one day
“We have this similar thing going on with generative AI that we’ve seen with previous technologies,” Siebel said. “The market is way, way overvaluing.”
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C3.ai, known for its enterprise AI applications that optimize supply chains, predict maintenance needs, and track sales processes, has a robust roster of clients. The company’s government contracts include partnerships with the U.S. Department of Defense and U.S. Air Force, while its private sector customers include Shell and Baker Hughes.
This week, C3.ai expanded its partnerships further, announcing a collaboration with Microsoft, though the interview with Fortune occurred before the news became public.
Siebel also took aim at OpenAI, the Microsoft-backed AI pioneer valued at $157 billion after a $6 billion funding round in October. The C3.ai CEO dismissed its valuation and impact, remarking, “Nobody would be surprised if that company disappeared next Monday.
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