- Artificial intelligence has taken the world by storm in 2023, thanks to the shocking debut of OpenAI’s ChatGPT.
- The frenzy over breakthrough technology has sparked an AI arms race among big tech companies, fueling a massive rally in related stocks.
- Here’s what 10 leading voices, both hopefuls and critics, said about the AI revolution:
Artificial intelligence takes center stage this year, and its phenomenal rise has drawn optimists and pessimists in droves.
The sudden frenzy around this groundbreaking technology was sparked by the blockbuster debut of OpenAI’s human-like language bot ChatGPT, sparking a technology race among industry giants such as Microsoft, Alphabet and Meta to lead the AI boom. caused it.
The hype has also led investors to pour money into stocks best positioned to make the most of the AI revolution, such as Santa Clara-based chip maker Nvidia.
While bulls on the technology hope it will lead to a “productivity boom,” others warn that it could cause serious harm to the world if left unregulated.
Here’s what 10 big-name celebrities have to say about the AI boom and where it’s headed.
Elon Musk, CEO of Tesla, Twitter and SpaceX
“The advent of artificial general intelligence is called the singularity, because it’s very hard to predict what will happen after that,” Musk said at the automaker’s annual shareholder meeting. .
“There is a good chance that it will lead to a better life and a more prosperous era. And it may go wrong and destroy humanity. I hope the chance is small, but it’s not zero. We want to make it happen.” Please take all actions we can think of to minimize the possibility of AI malfunctioning. he added.
“We need to make sure there are no Terminator-like scenarios, which is very important. It’s all fun and games until the Terminator shows up,” he added.
Warren Buffett, CEO of Berkshire Hathaway
Buffett recently said at the company’s annual shareholder meeting that “nothing will replace genes in AI.” “I say it without reservation,” he added.
Charlie Munger, Vice Chairman of Berkshire Hathaway
“I’m personally skeptical of some of the hype around artificial intelligence,” the 99-year-old said at Berkshire Hathaway’s annual shareholder meeting. “I think old-fashioned intelligence works pretty well,” he continued.
Stanley Druckenmiller, CEO, Duquesne Family Office
Druckenmiller recently told the 2023 Sohn Investment Conference that “AI is very real and could be as impactful as the internet in every way.”
Paul Tudor Jones, billionaire investor
“I think there will certainly be the introduction of large-scale language models. [and] Artificial intelligence will create a productivity boom that we have only seen a few times in the last 75 years,” Jones said.
“Each of these three episodes was associated with productivity gains between 1 and 3%. We assumed that this large scale language model would result in an annual productivity gain of 1.5% over the next five years. I think this is possible,'” Jones said in a recent interview with CNBC.
Steve Cohenhedge fund billionaire
“I’m making predictions. We’re going up,” Cohen said, according to Bloomberg. “Actually, I’m pretty bullish.”
blythe mastersformer JP Morgan executive
In an episode of “Bloomberg Wealth with David Rubenstein,” Masters said, “We can see for ourselves, feel for ourselves, and wonder how these ingenious programs can interact with us.” You can go crazy,” he said.
“It will change not just the financial services landscape, but just about everything we do,” she added.
But there are drawbacks, Masters continued. “Another risk with AI is if it grows rapidly, is unregulated, and unchecked for all the biases and abuses inherent in the technology,” she added.
Goldman CIO Ben Snyder
“AI could increase productivity by 1.5% annually over the next decade, which could increase S&P 500 earnings by more than 30% over the next decade,” Snyder told CNBC Thursday. .
“Many of the favorable factors that have driven earnings growth (of the S&P 500) appear to be reversing,” he added. “But the real source of optimism today is productivity gains from artificial intelligence.”
“For most investors, the technology sector is the clear winner,” Snyder said. “The real question for investors is who will be the winners in the future.”
Sam Altman, CEO of OpenAI
“My biggest fear is that we, the tech industry, are doing great harm to the world,” Altman told lawmakers before a panel of the Judiciary Subcommittee.
“If this technology doesn’t work out, I think it could go very wrong,” he said of AI. “And we want to be vocal about it and work with the government to make sure that doesn’t happen,” he added.
Alexis Ohanianco-founder of Reddit
Asked if the U.S. government is ready to crack down on AI, Ohanian said, “No. And it’s your responsibility as voters to put people in government who understand these very important technologies. “I think there’s a bigger debate,” he said.
“Kudos to the White House for convening all these AI leaders and gathering their information. I know there are people out there and they and their teams absolutely need to do that.” This is an important issue and if we get it right it will be great for the United States, so please pay attention to this issue. You need to pay, dig deep, and respond quickly. ”
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