<div id="readability-page-1"><div><div>Former Intel Corp. (NASDAQ:INTC) CEO Pat Gelsinger has said the current wave of artificial intelligence investment and vendor financing bears similarities to the early internet boom — but predicted real technological transformation before the end of the decade.<h2>Gelsinger: AI Cycle Resembles Early Internet's Exponential Hype</h2>In a conversation with The Business of Platforms Network earlier this month, Gelsinger reflected on the frenzied pace of AI spending, particularly in light of vendor financing deals and aggressive demand guarantees by major chipmakers and data center firms.&#34;We've seen this before,&#34; Gelsinger said. &#34;Look at all the optical companies in the early days of the internet. Everything was up and to the right… exponential growth for unlimited periods of time.&#34;He cautioned that while that 10-year period was &#34;stunning,&#34; it didn't sustain for decades.&#34;It was a stunning 10 years, but it didn't extrapolate to 30 years,&#34; he said, drawing parallels between today's AI boom and the dot-com era's unchecked optimism.<h2>Predicts ‘Real Shift' In AI Efficiency By End Of The Decade</h2>Despite acknowledging the hype, Gelsinger expressed optimism about the sector's underlying innovation. &#34;I see fundamentally no change for the next two, three, four years,&#34; he said. &#34;But by the end of the decade, some of these transformational technologies will be at scale. I do see a real shift.&#34;He identified key breakthroughs on the horizon, particularly in inferencing cost, inferencing performance and power consumption — factors he described as critical to enabling broad AI deployment worldwide.<h2>AI Spending Surge And Bubble Debate</h2>Gelsinger's comments arrive amid growing debate over whether the AI investment surge mirrors the early 2000s dot-com bubble. On Thursday, market commentators like The Kobeissi Letter said that AI compute demand is now growing &#34;at over two times the rate of Moore's Law,&#34; requiring $500 billion in annual data center investment through 2030.Goldman Sachs has also argued the current cycle is underpinned by real adoption and revenue growth — not speculation.On the other hand, last month, GQG Partners warned of &#34;dotcom-era overvaluation&#34; across tech stocks.OpenAI CEO Sam Altman, Amazon.com, Inc. (NASDAQ:AMZN) founder Jeff Bezos and Meta Platforms, Inc. (NASDAQ:META) CEO Mark Zuckerberg have all indicated that the market could be overheating.However, some of them have also admitted that AI expansion might be an exception, provided demand for increasingly capable models keeps rising annually.Intel scores highly in Benzinga’s Edge Stock Rankings for Momentum and demonstrates strong price performance across short, medium and long-term horizons. See a full breakdown of the stock, including comparisons with its peers and competitors.<ul> <li>White House AI Czar David Sacks Warns Washington Must Let US Chipmakers Like Nvidia Sell Abroad Or Risk Forfeiting AI Race To Huawei And China</li> </ul>Photo courtesy: Shutterstock</div></div></div>

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Former Intel CEO Pat Gelsinger likened the current AI investment surge to the early internet boom, predicting significant technological advancements by the end of the decade. He noted that while there will be no major changes in the next few years, breakthroughs in AI efficiency are expected. Gelsinger's comments come amid debates on whether the AI boom mirrors the dot-com bubble, with some experts warning of overvaluation in tech stocks, while others see real growth in AI adoption.

- Former Intel CEO Pat Gelsinger likened the current AI investment surge to the early internet boom, noting the rapid pace of spending and vendor financing.  
- He predicts significant technological advancements in AI by the end of the decade, despite acknowledging the hype surrounding the current cycle.  
- Gelsinger emphasized the importance of breakthroughs in inferencing cost and performance for widespread AI deployment, while market analysts debate whether the investment surge resembles the dot-com bubble.

Former Intel CEO Pat Gelsinger Addresses Concerns Around AI Boom Mirroring Early Internet Mania: 'No Change For The Next Two, Three, Four Years But..'