The technological investor Orlando Bravo says that “assessments in AI are in a bubble”

The co-founder of Thoma Bravo, Orlando Bravo, said that the assessments of artificial intelligence companies were “to a bubble”, comparing it to the Dotcom era.

But a key difference on the market now, he said, is that large companies with “healthy assessments” finance AI companies.

Bravo’s capital-investment company has more than $ 181 billion in management in June and focuses on the purchase and sale of corporate technological companies, with a large part of its portfolio invested in cybersecurity.

Bravo said on Tuesday “Squawk on the Street” of CNBC that investors could not enhance a recurring company of $ 50 million at $ 10 billion.

“This company will have to produce a billion dollars of cash flows available to double the money from an investor, finally,” he said. “Even if the product is correct, even if the market is right, it is a major challenge, manager.”

Openai recently finalized a sale of secondary actions that would appreciate the chatpt manufacturer at $ 500 billion. The company is expected to generate $ 13 billion in income for 2025.

Nvidia recently said that he would invest up to $ 100 billion in Openai, in part, to help the Chatppt manufacturer to rent his tokens and build supercompute installations in the years to come.

Other public companies have climbed the promises of AI, the market capitalization of palantants going to $ 437 billion, putting it among the 20 most precious companies in the United States, and Applovin worth $ 213 billion.

Even evaluations at an early stage are massive in AI, with reflection machines, the laboratory by marking an assessment of $ 12 billion on a round of seeds of $ 2 billion.

Despite the inflated figures, Bravo stressed that there is a “big difference” between the collapse of Dotcom and the current AI landscape.

“Now you have very large companies and large balance sheets and healthy balance sheets funding this activity, which is different from what happened about 25 years ago,” he said.