Bill Gates By expressing a warning to The competitive future of the artificial intelligence industry He announced that some of the companies active in this field, despite very high valuations, finally loser will be According to him, investors are now facing the serious question of whether bubble Is the AI market exploding or not?
The founder of Microsoft and one of the leading figures in philanthropic activities, in a conversation with CNBC on the sidelines of the Abu Dhabi Finance Week event, mentioned artificial intelligence as the most important issue that is going on today. This comment was made in a situation where the costs of companies have increased greatly and chain transactions in the market have created concerns about the sustainability of this growth.
Gates said in his speech:
“Does this mean that all companies that are highly valued today will be winners? Definitely not. This market will become highly competitive.”
He also mentioned the possible fluctuations in the following:
“AI is like a bubble only in that not all of these valuations are going to grow eventually. “Some of them will decrease.”
Currently, many companies active in the field of artificial intelligence are valued far beyond the market average. For example, the P/E ratio or Price to profit ratio In companies like Palantir and Tesla from the number 200 also passed, while this ratio is about 25 for the average companies in the S&P 500 index. This huge difference has caused some investors to doubt the stability of this market’s growth.
Gates says in this regard:
“A significant percentage of these companies will end up not being that valuable.”
Global markets have also faced a decline in November, one of the reasons for which was the intensification of concerns about the possibility of the artificial intelligence bubble bursting.
Bill Gates’ opinion about the future of artificial intelligence; Global health progress
Despite these concerns, Gates still The future of artificial intelligence make a lot bright describes and believes that this technology will have profound and fundamental effects on human life. He says:
“This technology is not only real and brain-dead, but will bring enormous benefits in areas such as health, education and agriculture. There should be no doubt about this.”
He also pointed to the new commitment of the Gates Foundation and other international leaders and philanthropists, who last week committed $1.9 billion to fight polio, provide vaccines to millions of children and strengthen health infrastructure to fight preventable diseases.
According to Gates, next year can be an important year for global health be He explained that tools based on artificial intelligence, including a “virtual doctor”, support for local African dialects and intelligent agricultural advisors will be used on a trial basis.
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