- Many new AI concepts create solutions to problems that don’t exist
- Investing in AI or making “YOLO” investments is not the answer
- Google is aware of the danger of an AI bubble
If there’s one thing AI-savvy CEOs have in common, it’s that they see the need for a more strategic approach to AI implementation, rather than a one-off approach to investment.
Logitech CEO Hanneke Faber criticized hardware makers for jumping into AI devices without first solving real user problems.
“What exists is a solution in search of a problem that doesn’t exist,” Faber said in an interview (via SwitzerlandInfo).
Are companies moving (blindly) towards artificial intelligence?
In contrast, Faber says Logitech is gradually introducing AI capabilities into its existing products, such as smart cameras and mice, rather than developing flashy device concepts that limit use cases.
This comes from a CEO who, at Fortune’s Most Powerful Women Summit last month, called for AI agents to be present at all company board meetings in the name of increased productivity.
Anthropic CEO Dario Amodei is another company leader wary of spending on AI. He warns that massive spending on AI infrastructure could pose a financial risk if companies miscalculate demand.
“I think some players don’t manage that risk well or take reckless risks,” he said at a recent press conference. New York Times At the summit, the companies of the future will advocate a “YOLO” approach to investing in AI.
Amodei also calls for planning for side effects such as job disruptions and national security risks, and not just for maximum technological acceleration.
They are not the only CEOs who have stepped back from the trend of AI to analyze conditions and predict next steps, Google CEO Sundar Pichai confirmed in a statement. BBC Interview that even his company, now worth $3.87 trillion thanks to AI, wouldn’t be safe from an AI bubble.
In an interview with the edgeSam Altman, CEO of OpenAI, even said that investors are “over-excited” about AI and could be “burned out” if the hype dies down.
Ultimately, tech CEOs agree that AI is a powerful tool, but discipline and strategy are more important than hype when it comes to taking the next step.
