Tech companies are in an investment frenzy, competing to create the most potent augmented intelligence and autonomous systems.
This may turn out to be an excellent thing for the world, but it has to be noted that investment surges are often unstable. It is also risky to focus too many resources on a single sector, as this can create an asset bubble. A race to make the most powerful AI tool may also result in an influx ofMany now believe that if you have AI related to your company, it will drive the stock prices up.
Businesses need a comprehensive business model for how AI will complement their existing workflows and help improve their processes instead of blindly investing in it. Businesses need to narrow their needs and goals while choosing an AI solution. Moreover, factors like scalability, cost-effectiveness and ethical considerations should also be considered when investing in an AI solution.
AI is a global endeavor and needs the cooperation of all countries. Unless governments and federations recognize the AI surge and introduce policies to keep AI’s growth in check, it will likely continue to sprawl. In short, to ensure that AI is not—and does not become—a bubble, the tech industry should develop empathy for all the involved shareholders and entities to create an ideal AI ecosystem. While healthy competition can lead to great things, those involved in creating AI must ensure they develop it with the public's and investors' interests in mind.
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