As artificial intelligence continues to become more integrated into the economy, there will likely be several “mini bubbles” related to this new technology, according to Eric Hippeau, managing partner at Lerer Hippeau. In a recent interview with CNBC, he mentioned that historically, it takes around 10 years for fundamental technologies like personal computers and mobile phones to be fully adopted by society and the economy. He believes that we are only at the beginning stages of AI adoption and that it is normal to see some bubbles along the way.
Hippeau cited Nvidia as an example of the growing demand for AI-related technology. The company sold over $50 billion worth of chips to data centers last year, and this year they have already sold about $25 billion in the first quarter alone. He emphasized that the demand for AI chips is showing no signs of slowing down and that we are witnessing the early stages of a technology that will have a significant impact on the U.S. and the world.
While big tech companies are currently investing large sums of money into AI development, Hippeau also believes that there will be a whole ecosystem of startups emerging alongside these giants. However, he expressed caution towards government agencies that may be looking to regulate successful companies in the AI space without valid reasons, stating that innovation should not be hindered by unnecessary restrictions.
In conclusion, Hippeau sees AI as a technology that will revolutionize various industries and create new opportunities for both established companies and startups in the coming years.
