As artificial intelligence becomes more integrated into the economy, Eric Hippeau, managing partner at Lerer Hippeau, predicts that there will be a series of “mini bubbles” related to this new technology. In a recent interview with CNBC, Hippeau explained that it typically takes about 10 years for fundamental technologies like personal computers, mobile phones, and now AI to be fully adopted by society and the economy. He believes that we are still in the early stages of AI adoption, which is why we may see some small bubbles along the way.
One example of this is Nvidia, a company that has seen significant growth in chip sales to data centers, particularly for AI applications. Hippeau emphasized the demand for AI chips is unlikely to slow down anytime soon due to the early stages of development for this technology and its potential to be life-changing for the U.S. and the world. However, he also expressed concern about government agencies potentially limiting the progress of AI technologies by putting up unnecessary obstacles or regulations.
Hippeau highlighted the massive investments made by big tech companies in AI but also mentioned the emergence of a whole ecosystem of startups that will develop alongside these industry giants. This growing ecosystem is expected to contribute to the advancement and widespread adoption of AI technologies in the future.
