""For this not to be a bubble by definition, it requires that the benefits of this are much more evenly spread," Nadella said, as quoted by the FT. The "tell-tale sign of if it's a bubble," he added, would be if only tech companies were benefitting from the rise of AI. He gave the example of a pharmaceutical company using AI to accelerate drug trials;"
"Nadella is adamant that these kinds of boosts that AI provides will justify AI and carry the industry, stressing less spectacular and more practical applications of the tech. "I'm much more confident that this is a technology that will, in fact, build on the rails of cloud and mobile, diffuse faster, and bend the productivity curve, and bring local surplus and economic growth all around the world," he proclaimed."
AI's long-term viability depends on widespread, equitable adoption across industries and increased uptake in developing countries to avoid becoming a speculative bubble. Benefits cannot be concentrated within tech companies; practical, tangible uses—such as accelerating drug trials—are sufficient to generate value without radical discoveries. Diffusion via existing infrastructures like cloud and mobile can accelerate adoption, improve productivity, and spur local economic growth worldwide. Large corporate investments in data centers and AI infrastructure reflect commitment and concern about the industry's future. Emphasis on pragmatic applications aims to distribute gains more evenly and ensure sustainable economic impact rather than speculative concentration.
Read at Futurism
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