Open AIs Fidji Simo says AI investment frenzy new normal, not bubble

The dizzying investments in artificial intelligence infrastructure do not constitute a bubble but rather represent today’s “new normal” to meet skyrocketing user demand, Fidji Simo, OpenAI’s de facto number two, said on Monday.

The French-born executive made her comments in an interview with AFP, her first since taking up her role as Chief Operating Officer of OpenAI’s applications, including its flagship model ChatGPT.

In the past few weeks, her company, under the leadership of CEO Sam Altman, has made a series of huge investments in data centers…