Microsoft president Brad Smith says: There is no AI bubble, with a ‘clarification’ that he can talk only about…
Microsoft president Brad Smith pushed back against fears of an AI bubble while carefully noting he could only address his own company’s situation, days after the tech giant inked a staggering $250 billion cloud services deal with OpenAI. Speaking with Fortune at Web Summit in Lisbon, Smith projected confidence in artificial intelligence’s staying power despite mounting skepticism about the sector’s financial viability. “From a long-term perspective, I think the answer is no,” Smith said when Fortune asked whether AI had become a bubble. “I think that we’ve got years, if not decades, ahead of us for growth.”
Yet Smith hedged his bullishness with a notable caveat. “From a short-term perspective, I’ll only speak for Microsoft; I can’t speak for every company in the industry,” he told Fortune, acknowledging that different players face different realities in the rapidly evolving landscape.
