- Many new AI concepts create solutions to problems that don’t exist
- Throwing money at AI, or ‘YOLO’ investments, is not the answer
- Google acknowledges the threat of an AI bubble
If AI-savvy CEOs have one thing in common, it’s that they see the need for a more strategic approach to AI deployments rather than a one-size-fits-all approach to investment.
Logitech CEO Hanneke Faber criticized hardware makers for rushing into AI gadgets without actually solving real user problems first.
“What’s out there is a solution looking for a problem that doesn’t exist,” Faber said in an interview (via SwissInfo).
Are companies (blindly) rushing into AI?
Conversely, Faber says Logitech is gradually rolling out AI capabilities to its existing products, such as smart cameras and mice, rather than creating flashy device concepts that have reduced used cases.
This is coming from a CEO who last month at Fortune’s Most Powerful Women Summit called for AI agents to be present in all company board meetings in the name of increased productivity.
Anthropic CEO Dario Amodei is another company leader wary of AI spending, warning that massive AI infrastructure spending could trigger financial risk if companies misjudge their demand.
“I think there are some players who don’t manage that risk well or take unwise risks,” he said recently New York Times summit, estimates companies to take a ‘YOLO’ approach to AI investments.
Amodei also advocates planning for side effects like workforce disruption and national security risks rather than just maximum technological acceleration.
These are not the only CEOs who have taken a step back from the AI trend to analyze the conditions and predict the next stages – Google CEO Sundar Pichai acknowledged in a BBC interview that even his company, now worth $3.87 trillion thanks largely to AI, would not be immune to an AI bubble.
In an interview with The edgeOpenAI CEO Sam Altman even claimed that investors are getting “over-excited” about AI and may get “burnt” as the hype wears off.
Ultimately, tech CEOs agree that AI is a powerful tool, but discipline and strategy are more important than hype when it comes to taking the next steps.
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