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Message: [QUOTE="Munyaradzi Mafaro, post: 64540, member: 636"] Amazon founder Jeff Bezos described artificial intelligence as existing within an industrial bubble on Friday, but predicted society would gain enormous advantages from the technology. Bezos addressed attendees at Tech Week in Turin and noted that investors currently provide billions of dollars to small teams without established products. The billionaire has invested in Perplexity, an American generative AI startup. Bezos distinguished industrial bubbles from banking crises like the 2008 financial collapse and argued that society benefits after winners emerge from industrial competition. He stated that AI will transform every industry and affect companies worldwide. Bezos called the current era a golden age for multiple technologies and declared AI authentic and transformative for commerce. [/QUOTE]