Sam Altman warns Samsung that AI demand may be double counted

OpenAI's chief told Samsung leaders that memory and data-center demand could be overstated, while still betting on long-term growth Sam Altman has a message for the companies building the hardware behind the AI boom: some of the demand you’re counting might not exist twice. The OpenAI CEO warned Samsung executives that AI-related memory and data-center demand may be double counted in market estimates. That is an unusual note of caution from the person whose company sits at the center of the spending spree. He paired it with optimism, though. Altman still expects strong long-term growth in AI demand. The meeting took place on October 31, 2026, at the Samsung Human Resources Development Center in Yongin, South Korea.

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