The future of artificial intelligence according to the CEO of Stability AI

Emad Mostaque, the head of the prestigious open source artificial intelligence firm, Stability AI, described AI as the "biggest bubble ever" during a conference call with UBS analysts. Indicating that AI is still in its infancy and not ready for mass adoption in industries like finance and banking, it warned about its possible boom. The Mostaque-based company develops Stable Diffusion, one of the most used generative AI tools, parallel to OpenAi's Gpt.

Risk and opportunity in the age of artificial intelligence

Generative AI gained wide attention with the birth of OpenAi's ChatGpt AI chatbot. Mostaque estimated that the total investment needed for AI will likely reach $1 trillion, making it comparable in importance to 5G technology as a knowledge infrastructure. Still, he cautioned that AI is in its "very early stages" of development, not yet fully ready for large-scale deployment.

AI as Revolutionary Change for Business

Mostaque highlighted the paradox of corporate investment in AI: those who fail to use it properly will be "punished" by the stock market. He used the example of Google, which suffered a $100 billion loss after its Bard AI chatbot provided inaccurate data in a promotional video. According to the CEO of Stability AI, investing in AI will be a major theme in the coming years.

Consumer perception of AI according to the Capgemini Research Institute

The Capgemini Research Institute has released a report on consumer perceptions of AI. According to the data, more than half of global consumers are familiar with recent innovations related to generative AI and have had personal experience with them, with particular trust for assistance with financial planning. The CEO of Capgemini's Insights & Data Global Business Line underlined the importance of making the public understand the functioning and risks of AI, despite the high diffusion and adoption among consumers.