The father of the internet, Vint Cerf, has warned investors not to rush into investing in chatbot and artificial intelligence (AI) technology. In a recent interview with CNBC, Cerf said that while AI is an exciting field of research and development, it’s important to be cautious when making investments.
Cerf explained that there are still many unknowns about how AI will develop over time. He noted that it could take years before the technology reaches its full potential and until then, investors should proceed with caution. “We don’t know what kind of applications we can build on top of this yet,” he said. “It’s going to take some time for us to figure out what works best.”
Cerf also cautioned against investing too heavily in any one particular area or company within the industry. He suggested diversifying investments across multiple companies so as not to put all eggs in one basket: “I think you have to spread your bets around a little bit because no one knows which application is going to turn out well.”
In addition, Cerf stressed the importance of understanding the risks associated with investing in AI-related technologies before committing funds: “You need people who understand both sides—the technical side and the business side—to make sure they’re aware of all these issues.” He added that investors should look for companies whose products are backed by solid research and development teams who understand both technical aspects as well as market trends.
Despite his warnings about being careful when investing in AI-related technologies, Cerf remains optimistic about their future potential: “There’s tremendous opportunity here if we do things right… We just have to be smart enough not only technically but financially too.”
Vint Cerf – widely known as ‘the father of the internet’ – recently spoke with CNBC regarding investments made into chatbot and artificial intelligence (AI) technology; warning prospective investors against rushing into such decisions without due consideration first given towards risk assessment measures prior committal.
Whilst acknowledging that there is great excitement surrounding this new wave of technological advancement; Mr Cerf was keenly aware that much uncertainty still exists concerning how exactly these developments may play out over time – suggesting it could take several years before reaching its full potential – thus emphasising why caution must be exercised during investment decisions at present stage; particularly those involving large sums capital expenditure commitments from venture capitalists or other financial institutions alike: “We don’t know what kind of applications we can build on top off this yet… It’s going to take some time for us figure out what works best”.
Furthermore; Mr Cerfs advice extended beyond simply exercising caution when considering individual projects/companies but instead advocated spreading investment portfolios across multiple entities within this sector – thereby reducing exposure levels through diversification strategies employed by fund managers worldwide:”I think you have to spread your bets around a little bit because no one knows which application is going turn out well”.
Notably however; whilst advocating such approaches throughout his discussion points raised during his interview session; Mr Cerv also highlighted another key factor often overlooked by many novice investor types namely knowledge acquisition pertaining specific areas under review prior making any final decision(s):”You need people who understand both sides -the technical side & business side-to make sure they’re aware all these issues”; adding further emphasis upon researching thoroughly each project/company considered worthy inclusion within portfolio structures:”Investors should look for companies whose products are backed up solid R&D teams who understand both technical aspects & market trends”.
Finally despite issuing various warnings throughout course our conversation session ;Mr Cerv concluded proceedings expressing optimism towards future prospects offered via continued advancements made within Artificial Intelligence space :”There’s tremendous opportunity here if we do things right… We just have to be smart enough not only technically but financially too”.
CNBC
