According to Eric Hippeau, managing partner at Lerer Hippeau, as artificial intelligence becomes more integrated into the economy, there will be a series of “mini bubbles” related to this new technology. Hippeau mentioned in a CNBC interview that historically, it takes about 10 years for fundamental technologies like the personal computer, mobile phone, and now AI to be fully adopted by society and the economy. He believes that we are just at the beginning stages of AI adoption and it is normal to experience some ups and downs along the way.
Using Nvidia as an example, Hippeau highlighted the company’s success in selling AI chips to data centers, with sales exceeding $50 billion last year. He noted that demand for AI chips shows no signs of slowing down, indicating the potential for continued growth in the AI sector. Hippeau emphasized that AI is a transformative technology that will have a significant impact on the U.S. and the rest of the world.
Expressing concern about government involvement in regulating AI development, Hippeau cautioned that regulatory actions could potentially hinder the progress of this innovative technology. He mentioned that despite large investments from big tech companies into 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 stressed the importance of continued innovation and development in the field of artificial intelligence, while also acknowledging the potential challenges and uncertainties that may arise as AI becomes more ingrained in society and the economy.