Artificial intelligence is in the early part of a “super cycle” that could last 20 years, according to a top investor.

Raj Ganguly, co-founder and co-CEO of venture capital firm B Capital, told CNBC’s “Beyond the Valley” podcast released Friday that AI is going to have a huge, global impact in the coming years.

“We’re in the very early stages, the third or fourth year of this AI super cycle. And it’s probably a 20-year super cycle. Maybe it’s a 15-year super cycle, but it is going to change the world,” Ganguly said.

fck VCs, AI is only to feed their own greed

  • kerrigan778@lemmy.blahaj.zone
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    4 hours ago

    Lol, man who’s fortune is literally based on the AI bubble continuing to grow says he believes the AI bubble will continue to grow and wants other investors to believe it has enormous sustainable growth potential. Amazing journalism. This asshole isn’t an AI scientist or even an executive. He’s literally just a top investor.

    Tldr: This asshats job is literally to convince people that AI is a good investment. Interviewing him on if he thinks AI is a good investment is financial journalism malpractice.

  • jaykrown@lemmy.world
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    1 day ago

    Why the fuck would anyone trust a co-CEO of a venture capital firm? They’re financial weasels, trying to say anything to make their investment seem like a good idea.

    This is the exact kind of shit you hear at the peak of a bubble.

  • NaibofTabr@infosec.pub
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    1 day ago

    HA hA Ha!

    Everybody has to play along with our delusions, or the market crashes because we’re ridiculously over leveraged!

    Muah ha hah! Mine is an evil laugh!

    • reactionality@lemmy.sdf.org
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      1 day ago

      It’s a little less ridiculous when you realise these are all market manipulation ploys to keep the stocks afloat, until these ghouls cash out on their investments.

  • simsalabim@lemmy.world
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    1 day ago

    that AI is going to have a huge, global impact in the coming years.

    Of course it will, it’ll have a huge impact on global warming.

  • MadMadBunny@lemmy.ca
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    1 day ago

    Translation: “it’s about to crash fucking hard, we’re just trying to delay it long enough as we subtly pull as many chips as we can before everyone else”

  • cecilkorik@piefed.ca
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    1 day ago

    I hope he has an AI “super cycle” to ride to work when his venture capital fund goes bankrupt.

  • hotdogcharmer@lemmy.world
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    1 day ago

    Oh I wonder if this man’s entire livelihood and power fantasy is tied to the continuation of this very obvious dog and pony show?

  • DandomRude@lemmy.world
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    1 day ago

    Sounds like someone who made a ton of money with those stupid monkey NFTs after getting his initial start-up capital from the Beanie Babies hype.