Sam Altman on AI: 'We've not had the iPhone moment'

Summary

Kate Rooney reports on Sam Altman's weekend podcast comments, where he said the AI revolution may take longer than expected and has not had an iPhone moment. Altman identified compute as the biggest bottleneck and positioned OpenAI as a platform company that does not want to compete with its software customers. The commentary points to a more cautious AI adoption timeline, sustained AI compute demand, and potential relief for software names.

• Sam Altman says AI is still at the Palm Pilot stage of adoption and lacks an iPhone moment.
• AI adoption and economic disruption have been slower than expected because of economic inertia.
• Altman says compute is the biggest bottleneck and his main focus at OpenAI.
• OpenAI wants to be a platform/API company rather than compete up the stack with software customers.
• Kate Rooney notes the platform stance may be a relief for software names.
• Altman outlined AI risks including loss of control and power concentration in one company or model.
• OpenAI ditched Sora because it was consuming too much compute.
• Altman's comments are being read as a veiled dig at competitor Anthropic.