There are 3 signs that generative AI might be reaching peak market froth — and it's not just OpenAI

Andrew Caballero-Reynolds/AFP/Getty Images

• There are signs across AI models, chips, and new form factors that the market is getting frothy.
• OpenAI will need to generate big returns to justify its record funding round.
• Nvidia rival Cerebras filed to go public, but its prospectus raises a potential revenue weakness.

In years to come, Silicon Valley may view the events of the past few weeks as the moment the generative AI boom got too frothy.