Elad Gil

On stage at the Cerebral Valley AI Summit, top investors suggested embracing the AI bubble, counterintuitive as that might seem. “If you think they can still be 5 or 10x bigger, maybe you should still be investing in them right now,” said Elad Gil, the big solo VC, referring to the foundation model companies. Ilya Fushman of Kleiner Perkins was equally sanguine: when the tech cycle is on the rise, “it’s always a bubble,” he said in an on-stage conversation with Gil.