Stability AI CEO: artificial Intelligence will be the biggest Bubble in History

CTOnews.com, July 18 (Xinhua) Stability AI founder and CEO Emad Mostaque shared his views on artificial intelligence on a conference call with UBS analysts last week.

Mostaque thinks artificial intelligence will be the biggest bubble in history, but he says it could end before it even begins.

▲ source Stability AI website Stability AI is the company behind Stable Diffusion, a well-known graphic model with more than 1 million users, after the company raised more than $100 million from venture capital firms such as Coatue and Lightspeed Venture Partners.

▲ Stable Diffusion generates image examples, and the source Stable Diffusion demonstrates that Mostaque believes that the development of artificial intelligence is still in a very early stage and is not yet ready for large-scale adoption in industries such as banking. He also describes the current AI as a "dot AI bubble" (CTOnews.com note: this refers to the dot-com bubble events of the late 1990s and early 21st century, also known as the "dotcom bubble" events).

During the dotcom bubble, many Internet start-ups with high valuations emerged, and some optimistic investors believed that these companies would revolutionize industries, leading to a rapid rise in the share prices of such start-ups. Between 2000 and 2001, the dotcom bubble burst. Due to high valuations, unsustainable business, unredeemable profits and plummeting share prices, many Internet companies went bankrupt, driving the entire industry into a cold winter.

But Mostaque also pointed out the value of the artificial intelligence industry, "this will be one of the biggest investment themes in the next few years." He believes artificial intelligence is a $1 trillion investment opportunity "because AI is more important to knowledge infrastructure than 5G", and he advises banks like UBS to "actively explore the possibility of artificial intelligence" because it is still a "huge market".