As CEO of Amazon’s dominant cloud computing platform AWS, Adam Selipsky is one of the most powerful people in computing at a time when the industry is racing to adopt generative artificial intelligence. Although a fan of the technology, he also has a warning for anyone trying to make sense of the moment: Some AI companies at the center of the storm are massively overhyped.
Selipsky likens the generative AI rush to the early days of the dotcom bubble, when expectations spread that the internet would transform many industries almost overnight. Although in the long term the internet was indeed transformative, in the short term many projects came to nothing,
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