Is AI a bubble or a technology of the decade that will change the world?
Artificial Intelligence (AI) has become a buzzword in the technology industry lately. It seems that almost every day we hear about new developments in AI technology that promise to change the world as we know it. With all this hype, it is natural to wonder if AI is a bubble that will eventually burst, like the dot-coms did, or if it is really the technology of the decade that will change the world. Let’s take a closer look.
Experts’ opinions on this question are divided. Some experts believe that AI is just another bubble that will eventually burst, like the dot-coms did. Others are convinced that AI is a revolution and the technology of the decade that will change the world, just like the Internet did.
Indeed, the growth of AI-related companies has already begun. The interest in neural networks has led to the growth of large corporations that will benefit the most from the development of this market. For example, NVIDIA’s shares have risen by 170% since the beginning of the year, Microsoft’s by almost 50%, and technology funds have attracted a record $8.5 billion in the last week of May. Investors are afraid of missing out on the “new Internet,” and the stocks of technology companies related to neural networks are overheating.
Some experts argue that the payback periods are long and that we need to gradually get used to these technologies, while investors are overly positive at the moment.
Competition in the AI market is growing, with every major corporation announcing the creation of its own AI, and new companies entering into fierce competition with OpenAI.
Large companies are currently actively investing in young projects, such as Cohere, a company that develops AI technologies. All of this reflects the faith and desire of industry giants to enter this market. Cohere’s main product is language models trained on large volumes of data that analyze text and create new content. ChatGPT from OpenAI works on the same technology. To date, the Canadian company “Cohere” has raised about $270 million in investment from Oracle and Nvidia, Forbes reports.
On the other hand, many experts believe that AI is the beginning of a new era that will change every aspect of our lives. They argue that AI can solve some of the world’s biggest problems, from climate change to poverty and disease. Neural networks can also automate everyday routine tasks, simplifying the lives of millions of people. With AI, we will be able to see major breakthroughs in areas such as medicine, energy, and transportation.
As AI continues to develop, it will be interesting to see how it will be used to solve these problems. There is no doubt that we are at the dawn of a new era, and AI will undoubtedly play an important role in shaping the world of the future.
In conclusion, the debate over whether AI is a bubble or the technology of the decade that will change the world is far from over. While there are valid concerns about the limitations and potential risks of AI, this technology also has enormous potential to revolutionize our world for the better. Only time will tell, but one thing is certain: AI is here to stay, and we can expect truly outstanding achievements in the coming years.
AI is not just a bubble that will burst at any moment, but it is also not a technology that is already radically changing the world. AI is the technology of the future that gradually enters our lives and will have enormous potential for development in various areas, from medicine to robotics. However, to get the maximum benefit from this technology, we need to get used to it and understand that it is not a solution to all problems, but only a tool that will help us to solve them more effectively.