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Big Tech is eating as much data as it can to win in AI — but it's not 'winner takes all,' CEO says - TL;DR CNBC

Big Tech is eating as much data as it can to win in AI — but it's not 'winner takes all,' CEO says

Publishing timestamp: 2024-05-08 04:44:04


Summary

Matt Calkins, CEO of Appian, believes that success in AI is not just about money, despite big tech companies like Microsoft, Amazon, and Google spending billions on tech. He argues that AI may not be a "winner take all" market and that clever AI systems will be defined by understanding user needs rather than just consuming data. Calkins is disappointed with the lack of progress on AI regulation in the US compared to Europe, which has recently approved the AI Act.


Sentiment: NEUTRAL

Tickers: MSFTGOOGLAPPNAMZN

Keywords: ceounited statesappian corpbreaking news: technologymarketsalphabet incmicrosoft corpbreaking news: businessamazon.com incbusiness newsbreaking news: marketstechnologymediacybersecurity

Source: https://www.cnbc.com/2024/05/08/appian-ceo-on-big-tech-ai-strategy-competition-concerns-regulation.html


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