As you arrive in San Francisco, it’s impossible to ignore the buzz surrounding artificial intelligence (AI). Billboards and advertisements boast about how AI will revolutionize the workplace, while conversations in bars revolve around the concept of when the world will achieve AGI (artificial general intelligence) or when machines will surpass humans in intelligence. The five major tech companies – Alphabet, Amazon, Apple, Meta, and Microsoft – with headquarters or offices nearby, are pouring billions of dollars into AI-related hardware, research, and development. This year alone, they are estimated to spend around $400 billion on capital expenditures for AI.
Despite these optimistic projections, the tech giants are still far from achieving such monumental results. Even the most bullish analysts anticipate that Microsoft will generate only around $10 billion from generative AI-related sales this year. Outside of America’s west coast, there is little evidence to suggest that AI is making a significant impact elsewhere.
In order for AI to reach its full potential, companies worldwide need to invest in AI technology from big tech companies, customize it to their needs