I am CEO of The Futurum Group. I spend my time researching, analyzing and providing the world’s best and brightest companies with insights as to how digital transformation, disruption, innovation and the experience economy are changing how business is done.
on November 06, 2023 in San Francisco, California. Altman delivered the keynote address at the first-ever Open AI DevDay conference.The overarching narrative of AI being a bubble is rooted in the idea that behind all the NVIDIA GPUs shipping to hyperscalers there is a nearly non-existent demand for AI.
Why Fans Think ‘It Ends With Us’ Stars Blake Lively, Justin Baldoni Are Feuding—As Baldoni Reportedly Hires Crisis PRFor instance, AI is showing up at banks, hospitals, hotels, manufacturing plants, transportation, retail, and more. The bear thesis is AI is mostly hype, with limited evolution from the data optimization tactics of the past 15 years and that customers aren't going to pay more for SaaS services with Generative AI capabilities or new PCs and smartphones with AI features.
and mid- to high- double-digit percentage growth of AI use in key industries like financial services, healthcare, and telco growing near 40% CAGR over the next five years. Use cases like object detection and conversational AI are also seeing more than 35% growth , which means the silicon investment and infrastructure build out will have to convert to software and industry use cases. However, it is more of a drip right now. And once the dam breaks, it will become a waterfall.
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