More and more companies and companies of all types are embracing artificial intelligence as if life depended on them. For some, this is really true: they have no doubt that the future depends on this technology. However, not everyone thinks the same. Expert Shlomo Kramer, from the cybersecurity firm Cato Networks, is not so clear at all.
Kramer is not as categorical as those who have once classified artificial intelligence as fashionable, but he is not too far away. In his opinion, it is more than evident that it is a bubble. A textbook bubble, to be precise. But he also sees much more sinister hidden interests, which he has had no qualms about describing.
The AI bubble… but not only that
He did so in recent statements to Business Insider. In them, Shlomo Kramer has claimed that the AI sector is overvalued. He thinks that the huge amounts of money that are being invested in artificial intelligence are not justified most of the time. The real pace of this technology, he says, is not growing at the same speed.
What does this mean, from a practical point of view? Well then many will not have the results they expect from AI. In reality, it is not a new theory: many specialists agree with Kramer and also think that the bubble is there, and that sooner or later it will burst. Will that end AI? No, but many will suffer the consequences sooner or later.
Contrary to what others say, for the head of Cato Networks, AI is incapable of replacing workers who carry out complex jobs. «Not yet,» he clarifies. And he gives as examples people in charge of customer service and also engineers. The big question is, if AI is not capable of replacing workers, why are there so many layoffs?
For Shlomo Kramer the answer is obvious: «Artificial intelligence is being used as a cover.» That is to say, there are companies that make excuses for the automation that it offers to fire their employees, even though it is not entirely true. Furthermore, he insists that hiring continues, so something does not add up.
Experts disagree
Shlomo Kramer has been simply the latest of many technology experts to weigh in on artificial intelligence. And what can be made clear? Well, almost nothing is clear. For many of them the existence of a bubble is obvious, and many of those who are investing in AI will end up with serious problems.
Others, however, consider the opposite, that there is and will not be any bubble and that everything is well done.. Such important voices as Jensen Huang from NVIDIA or Mark Zuckerberg himself would belong to this second group, nothing more and nothing less.