"I think we are in a bubble. But I think bubbles have different shapes, and there's a Mark Twain quote that history doesn't repeat itself, but it rhymes," Taylor told Stebbings.
"I think the AI bubble will rhyme with the dot-com bubble and I believe with the benefit of hindsight, most of the excess of the dot-com bubble might have been justified," Taylor added.
"And so, I haven't done the math on how much money was burned in that period, but I think that doesn't mean that the excitement around the impact of the internet on the economy was false," he added.
"I think the same thing is likely to happen in AI. We will look back and laugh at some of the excess, but I am confident we will have a brand-defining, likely trillion-dollar consumer company come out of this."
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