Schmidt Is Optimistic About AI Future
On the flip side, the ex-CEO also appeared optimistic about the future of AI, and went as far as to call it “underhyped” in its current state. The people who are investing in the technology, he continued, are obviously aware of its potential:
“What I do know is that the people who are investing hard-earned dollars [in AI] believe the economic return over a long period of time is enormous. Why else would they take the risk?” – Eric Schmidt, Former Google CEO
Indeed, many businesses are now focused on implementing AI in the workplace, and AI companies are continuing to develop models to make waves in the enterprise market. However, it isn’t necessarily the case every time that businesses are implementing the tech because they understand its future economic return.
In fact, one study found that some leaders are spending on AI because of FOMO, rather than identifying areas where the technology could directly benefit them. And, while some studies have shown that AI is having some economic impact, others have found that it isn’t having any at all.
