Artificial intelligence (AI) has been the talk of the town in recent years, but it seems that the excitement may finally be settling down. According to data compiled by Bloomberg and Apollo Chief Economist Torsten Sløk, mentions of AI, machine learning, and generative AI on company earnings calls have significantly decreased over the past two quarters. The figures dropped from 517 instances in Q4 2023 to just 198 mentions in Q1 2024.
While this decline in mentions may suggest a normalization of AI, industry experts are split on whether this is a sign of AI losing its momentum or simply a natural progression of the technology. Sløk argues that AI is not a revolution but rather a continuation of the tech trend that began in the 1990s. He believes that the positive effects of technology will persist, but questions whether AI is truly a game changer.
The rise of AI in corporate discussions can be traced back to the launch of ChatGPT, a chatbot developed by OpenAI, in late 2022. The tech giant Microsoft also made headlines by striking a deal between Bing and ChatGPT in the first quarter of 2023. As more tech companies, including Google, entered the AI arena, mentions of AI reached their peak at 691 in the third quarter of 2023.
During this time, Nvidia, a semiconductor giant, experienced significant growth thanks to its investments in AI. The company reported a remarkable 206% year-over-year increase in revenue, with its data center division driving the majority of this growth. Furthermore, Nvidia’s recent market cap surpassing Alphabet and Amazon highlights the growing influence of AI in the business world.
As many major tech players are now actively exploring AI, the concept has become a tangible reality. The question that remains is whether AI is truly revolutionary or merely part of the natural progression of the internet age. Only time will reveal the true impact of AI on society, but one thing is certain – the hype around AI is giving way to a more nuanced understanding of its potential.
FAQs about the Future of Artificial Intelligence
1. Why have mentions of AI decreased on company earnings calls?
– Mentions of AI, machine learning, and generative AI on company earnings calls have significantly decreased over the past two quarters, from 517 instances in Q4 2023 to just 198 mentions in Q1 2024. This decline may suggest a normalization of AI.
2. What do industry experts say about the decline in AI mentions?
– Industry experts are split on whether the decline in AI mentions is a sign of AI losing its momentum or simply a natural progression of the technology. Some argue that AI is not a revolution but rather a continuation of the tech trend that began in the 1990s.
3. What is ChatGPT, and why is it significant?
– ChatGPT is a chatbot developed by OpenAI. Its launch in late 2022 contributed to the rise of AI in corporate discussions. Microsoft struck a deal between Bing and ChatGPT in the first quarter of 2023, further increasing the attention on AI.
4. How has Nvidia benefited from investments in AI?
– Nvidia, a semiconductor giant, experienced significant growth thanks to its investments in AI. The company reported a remarkable 206% year-over-year increase in revenue, driven by its data center division. Nvidia’s market cap has also surpassed Alphabet and Amazon, highlighting the growing influence of AI in the business world.
5. Is AI truly revolutionary or just part of the natural progression of the internet age?
– The true impact of AI on society is still uncertain and can only be revealed with time. However, the hype around AI is giving way to a more nuanced understanding of its potential.
Definitions:
– Artificial intelligence (AI): The development of computer systems capable of performing tasks that typically require human intelligence, such as visual perception, speech recognition, decision-making, and translation.
– Machine learning: A subset of AI that enables computers to learn and improve from experience without being explicitly programmed.
– Generative AI: AI technology that generates new content, such as images, text, or videos, based on existing data patterns.
Suggested Related Links:
– Bloomberg
– Apollo
– OpenAI
– Microsoft
– Nvidia
The source of the article is from the blog maestropasta.cz