During a recent conference in Singapore, industry leaders discussed the rapidly evolving landscape of AI technology in the US and China. Salesforce's CEO Marc Benioff criticized Big Tech's massive investments in data centers, suggesting that the industry is misguidedly focused on capital expenditures rather than innovative approaches. Meanwhile, Alibaba's cofounder Joe Tsai highlighted the potential of open-source models to democratize AI development, allowing for broader participation and creativity outside of the major tech corporations. Despite competition, insights on chip technology and AI applicability were also noted by Bridgewater's Ray Dalio.
Salesforce's CEO, Marc Benioff, criticized Big Tech for excessive spending on data centers, arguing that the industry is hypnotized by the need for high-cost AI development.
Alibaba's cofounder, Joe Tsai, emphasized that open-source models could promote AI innovation beyond just Big Tech, highlighting a significant shift in the AI landscape.
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