In an interview with reporters from multiple publications on Thursday night, OpenAI CEO Sam Altman said he believes the AI sector has entered the territory of a financial bubble.

Sam Altman just admitted to what the rest of the AI industry won't: that the entire thing is a big, fat bubble, ready to burst. While there's a lot of debate over whether this is actually the case, the OpenAI CEO was unwavering in his conviction.

OpenAI Chief Executive Officer Sam Altman wants to spend trillions of dollars over time on the infrastructure required to develop and run artificial intelligence services. He just needs to figure out a way to raise that kind of money.

Merge Labs will compete with Elon Musk’s Neuralink, which is developing computer interface chips designed to be implanted in the brain. Musk founded Neuralink in 2016 (although its existence wasn’t known until 2017) and the company has made serious progress.