Jeff Bezos says AI spending boom is a bubble that will pay off

Amazon.com Inc. Chairman Jeff Bezos said that the spending on artificial intelligence resembles an “industrial bubble” that could lead to lost investment but will also make society better off.

“When people get very excited, as they are today about artificial intelligence for example, is every experiment gets funded, every company gets funded, the good ideas and the bad ideas,” Bezos said, pointing to companies getting billions of dollars of funding before they have a product. “Investors have a hard time in the middle of this excitement…