Google CEO on AI not being a bubble
by Evira: artificial intelligence
AI isn't a bubble, and a former Google CEO thinks calling it underhyped is closer to the truth. The real reason behind all that spending is automating the boring parts of business: billing, accounting, product design, delivery, inventory, management. The payoff isn't speculative; it's broad and lasting. And then there's the potential in medicine, climate change, engineering, new science. He said this at a Harvard Kennedy School Institute of Politics event
Transcript (en)
No, it's not a bubble. If anything, it's under-hyped because you're fundamentally automating businesses. And the reason people are spending this enormous amount of money is to automate the boring parts or what they view as the boring parts of their business. So whether it's billing or accounting or product design or delivery or inventory or management or whatever, people are automating those. And there's an awful lot there. Think about medicine. Think about climate change, engineering, new science. That's extraordinary.
