Co-founder of MicrosoftBill GatesBill Gates was a guest on the Next Big Idea podcast.He said that the enthusiasm in the AI market now far exceeds that of the Internet bubble.
Gates believes that the current entry threshold into the AI field is very low, and the entire market is in a frenzy. AI start-ups can easily get hundreds of millions of dollars in financing. Someone even raised $6 billion (currently about 43.734 billion yuan) in cash for a company.
Gates believes that it is unprecedented for so much capital to pour into new fields. From the perspective of market value and valuation, the entire AI market has fallen into a "frenzy", the degree of which makes the frenzy in the Internet and automobile eras in history pale in comparison.
Currently, competition in the AI field is very fierce, and new players are constantly entering the market. After all, it still accounts for a small proportion of the global economy. Gates said that although Microsoft has a lot of capital, it has not really prevented others from developing basic capabilities or vertical fields.
Gates believes that although artificial intelligence technology accounts for a relatively small share of the global economy, its potential is huge. Even small institutions can use these tools to compete with large institutions and provide better services.