AI hyped but better grounded than crypto, says Red Hat CTO Chris Wright

The artificial intelligence (AI) hype cycle will include elements that may not fully materialise over time, but the technology is more grounded and promising than others like cryptocurrencies or non-fungible tokens (NFTs), according to Red Hat Chief Technology Officer Chris Wright.

“A better analogue would be all of the hype we saw, maybe 15 years ago, for this new technology called cloud. And cloud ultimately has had a massive impact on businesses.