As the adoption of artificial intelligence (AI) continues to grow in the economy, there is a risk that mini bubbles will occur, predicts Eric Hippeau, managing partner at Lerer Hippeau. In a recent interview with CNBC, Hippeau noted that it takes about 10 years for fundamental technologies like personal computers and mobile phones to be fully adopted by society and the economy. He believes that we are still in the early stages of AI adoption, which is why we may see some small bubbles along the way.
One example of this is Nvidia, a company that has experienced significant growth in chip sales to data centers, particularly for AI applications. Hippeau pointed out that demand for AI chips is unlikely to slow down anytime soon, emphasizing the potential for this technology to be life-changing for the U.S. and the world. However, he expressed concern about government agencies potentially limiting the progress of AI technologies by putting up unnecessary obstacles or regulations.
Hippeau also highlighted the massive investments being made by big tech companies in AI, but also mentioned the emergence of a whole ecosystem of startups that will develop alongside these industry giants. This growing ecosystem is expected to contribute to the advancement and widespread adoption of AI technologies in the future.
