Robin Li, the head of Chinese tech giant Baidu, has predicted that most companies working on artificial intelligence will collapse when the AI “inevitable bubble” bursts, according to a report by the Register.
Li, who spoke at the Harvard Business Review Future of Business conference last week, likened the AI sector as similar to the dot-com bubble in the 1990s, but said “probably 1% of the companies will stand out and become huge and will create a lot of value, or will create tremendous value for the people, for society. And I think we are just going through this kind of process.”
The Baidu CEO said the accuracy of answers from large-language AI models had improved significantly over the past 18-20 months, but guessed that it might be 10 to 30 years before human jobs are displaced by the technology.
Read the full report: The Register.
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