As AI technology continues to become more integrated into the economy, there will likely be a series of “mini bubbles” related to this new technology, according to Eric Hippeau, managing partner at Lerer Hippeau. In an interview with CNBC, Hippeau mentioned that historically, it takes about 10 years for fundamental technologies like personal computers, mobile phones and now AI to be fully adopted by society and the economy. While we are still in the early stages of AI adoption, Hippeau believes that it’s normal to experience some ups and downs along the way.
One example of AI’s potential for growth is Nvidia’s success in selling chips to data centers, with sales exceeding $50 billion last year. This indicates that demand for AI chips shows no signs of slowing down. According to Hippeau, AI is a transformative technology that will have a significant impact on the U.S. and the rest of the world. However, he also expressed concern about government involvement in regulating AI development. Regulatory actions could potentially hinder the progress of this innovative technology. Despite big tech companies investing heavily in AI, there is also a growing ecosystem of startups that are playing a role in advancing AI technology alongside these industry leaders.
In conclusion, Hippeau emphasized the importance of continued innovation and development in the field of artificial intelligence while acknowledging the potential challenges and uncertainties that may arise as AI becomes more ingrained in society and the economy.
