In a recent statement at the Harvard Business Review’s Future of Business conference, Baidu CEO Robin Li compared the current frenzy around Artificial Intelligence (AI) to past economic bubbles, such as the dot-com bubble. He suggested that despite the massive investments and rapid advancements in AI, including significant market cap increases for companies like Nvidia and heavy investments by tech giants like Google, Microsoft, and Apple, this boom might not be sustainable. Li predicts that only about 1% of companies venturing into AI will survive this competitive and cutthroat industry. He highlighted the improvements in AI accuracy, particularly in chatbots, as a notable advancement but cautioned that the AI market is likely an “inevitable bubble.” Despite this, Li views the period of uncertainty as beneficial for weeding out “fake innovations” and believes that the true value of AI will emerge over time, potentially taking 10 to 30 years before AI starts replacing human jobs significantly. His perspective underscores a cautious yet optimistic view of AI’s future impact on society and the economy.
Read more at Tom’s Hardware…
