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 the subsequent capital expenditure, that we're current in an AI bubble, which he revealed during a conversation with The Verge,

OpenAI CEO Sam Altman cautioned that the U.S. may be underestimating China's progress in artificial intelligence, adding that export restrictions on advanced chips alone are unlikely to curb Beijing's expanding AI capabilities.