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What This Bubble Is Missing Is a Pure AI-Play IPO

Sam Altman, chief executive officer of OpenAI Inc. The non-profit privately held start up could be the biggest IPO in the AI space.

Photographer: Kyle Grillot/Bloomberg
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Artificial intelligence meets the pre-conditions for a tech bubble better than any technological innovation cycle in the last quarter-century — except for one: a publicly-traded pure play that primarily operates in the new innovative space.

It’s notable that none of the main protagonists driving the artificial intelligence euphoria are strictly AI enterprises.