Pat Gelsinger, the former CEO of Intel, shared insights on the current AI sector in a recent interview with CNBC. When discussing whether the tech industry is in an AI bubble, he stated, “Of course. Of course we are. We’re hyped, we’re accelerating, we’re putting enormous leverage into the system.

However, he added, “That said, I don’t see it ending for several years.” Gelsinger believes that the tech industry is undergoing a significant shift towards AI, likening it to past revolutionary changes, though asserts that many businesses have yet to realize substantial benefits from this transition.