ON DECEMBER 12, ACCORDING TO CNBC, THE CO-FOUNDER OF MICROSOFT, BILL GATES, IN AN INTERVIEW WITH ABU DHABI FINANCE WEEK, SAID THAT THE CURRENT STATE OF AFFAIRS WAS NOT THE SAME AI The industry will become “super-competitive” and not all high-value companies will win。
HE SAYS, "AI EXISTS ONLY IN A SENSE."FoamA part of the valuation will go down in the future, but this is a "deep re-engineering" technology that will undoubtedly bring long-term value。
Gates noted that there were valuation cases in the market that were significantly above the conventional level: Palantir and Tesla, for example, had more than 200 times the market rate, while the average market rate for the standard 500 component shares was about 25 times。
As concerns about the bursting of the bubble rose, the global market fell in November。Gates put it bluntly, "a significant proportion of the companies' valuations are not reasonable" and investors need to be alert to the "dead end" of the track。
BEYOND RISK AND COMPETITION, GATES EMPHASIZED THE ROLE OF AI FOR REAL IMPROVEMENT, PARTICULARLY IN THE AREAS OF HEALTH, EDUCATION AND AGRICULTURE。
HE SAID THAT IN THE COMING YEAR SEVERAL AI-BASED GLOBAL HEALTH PILOTS WOULD BE ADVANCED, INCLUDING THE VIRTUAL DOCTOR AND THE AFRICAN MULTILINGUAL AGRICULTURAL CONSULTANT TOOL, WITH THE GOAL OF SIGNIFICANTLY INCREASING SMALLHOLDER PRODUCTIVITY。
HE ALSO MENTIONED THAT INTERNATIONAL COMMITMENTS HAD PROVIDED FINANCIAL SUPPORT TO FIGHT POLIO AND THAT AI TOOLS WOULD PLAY A ROLE IN BUILDING HEALTH SYSTEMS。
EARLIER, IN AN INTERVIEW WITH BUSINESS INNERS, GATES COMPARED THE CURRENT AI FOAM TO "INTERNET FOAM" AND ARGUED THAT IT WAS NOT A 17TH-CENTURY DUTCH "TULIP" AND PURE SPECULATION, BUT RATHER THAT VALUATIONS WERE DIVIDED BY TECHNOLOGICAL CHANGES: WITH COMPANY SUCCESS, THERE WOULD ALSO BE A "STALKING" AND "BURNING" COMPANY。
THE CORE JUDGEMENT REMAINS THAT THE NET VALUE OF AI WILL BE VERY HIGH, BUT THAT CAPITAL SPENDING AND DATA CENTRE COSTS, AMONG OTHER THINGS, WILL TURN PART OF THE PATH INTO A DEAD END。