Google and Amazon’s first backer calls AI “undervalued”

Google and Amazon’s first backer calls AI “undervalued”

By Alicia Park
Publication Date: 2026-05-25 20:50:00

Table of Contents

Topline

Venture capitalist John Doerr, whose early investigations at Amazon and Google helped secure the modern Internet, called artificial intelligence the “biggest innovation tsunami” he’s ever seen in his more than four decades as an investor and was actually “undervalued” – joining a growing group of tech power players making maximalist claims about where technology is headed.

Important facts

Doerr, 74, told the Wall Street Journal in an interview published Monday that the recent wave of AI is the “biggest thing ever.” He argued the public still doesn’t understand how it will change education, employment, health care and “life as we know it.”

He called AI the fourth major “tsunami” in a roughly 13-year cycle, which he traces to the PC and microchip revolution of 1980, followed by the Internet…