C3 ai CEO Tom Siebel predicts that the AI market will soon be worth $600 billion, with AI applications becoming as ubiquitous as PCs and CRM software for businesses. Siebel made this prediction during an interview with Yahoo Finance on Friday.
“No other technology has been spreading so fast, [with] an unprecedented amount of applications that can be based on the back of it, and the technology itself is just at warp speed in terms of how fast it’s developing,” he told Yahoo Finance. “I think that now it’s just exactly where the iPhone was in 2007. We’re about to start seeing more and more application, real value.”
The growing demand for AI-powered solutions across various sectors such as healthcare, finance, and energy can’t go unnoticed. The global AI software market is expected to grow at a CAGR of 45.2% from 2019 to 2025, reaching $98.24 billion by 2025.
This surge in demand for AI solutions has been driven by the success of companies like C3 ai and the release of the GPT-3 language model by OpenAI, which is widely considered a watershed moment for the industry. As a result, AI stocks have been on the rise.
C3.ai CEO says A.I. has become king
Benefits & Risks
While the benefits of AI are clear, there are concerns about its impact on jobs and society. Siebel believes that the benefits of AI outweigh the risks and that it will create new job opportunities, particularly in data science and software engineering.
As the AI market continues to grow, it is essential to consider the ethical and responsible deployment of AI. Transparency and explainability are crucial, particularly in fields like healthcare where AI decisions can have a significant impact on people’s lives.
Cloud computing services and pre-built AI models customized for specific use cases are expected to fuel further adoption and growth, democratizing AI and creating new job opportunities in related fields.
In conclusion, the potential of AI is immense, and its growth is undoubtedly worth watching closely as it has the power to transform various aspects of our lives. While C3 ai has the potential to create significant benefits for businesses and society, it is necessary to develop and use it with consideration for potential risks and consequences.