“When bubbles happen, smart people get overexcited about a kernel of truth,” he explained. “If you look at most of the bubbles in history, like the tech bubble,

“When bubbles happen, smart people get overexcited about a kernel of truth,” he explained. “If you look at most of the bubbles in history, like the tech bubble, there was a real thing. Tech was really important. The internet was a really big deal. People got overexcited. Are we in a phase where investors as a whole are overexcited about AI? My opinion is yes. Is AI the most important thing to happen in a very long time? My opinion is also yes.”