Eric Hippeau, the managing partner at Lerer Hippeau, predicts that as artificial intelligence becomes more integrated into the economy, there will be a series of “mini bubbles” related to the new technology. In a recent interview with CNBC, Hippeau noted that it typically takes about 10 years for fundamental technologies like personal computers, mobile phones, and AI to be fully adopted by society and the economy.
Hippeau believes that we are only at the beginning of the AI adoption curve, leading to these mini bubbles along the way. He explained that AI is still in its early stages of development, with significant potential to be a life-changing technology for the U.S. and the rest of the world. However, he also expressed caution towards government agencies that may seek to regulate successful AI companies without clear reasons, potentially hindering the progress and innovation in the field.
An example he provided was Nvidia, a company that has seen significant growth in sales of AI chips to data centers. Last year, Nvidia sold over $50 billion worth of chips, and in just the first quarter of this year, they have already reached $25 billion in sales. This growth indicates the ongoing demand for AI chips and the potential for further expansion in the future.
Despite significant investments made by big tech companies in AI, Hippeau highlighted the emergence of a whole ecosystem of startups working alongside these industry leaders to further develop and advance
