AI has taken over many industries, helping if not replacing an increasing number of jobs, and in all, further advance human civilization into a whole different level.
Because of this, AI companies are able to rake in huge money from many investors. Even though many of these companies aren't yet profitable and not thriving on positive cashflow, knowing that many of them have substantial expenses related to AI training and staffing, investors don't simply care.
As a result, many AI companies have secured high valuations, early in their life cycle.
People are gambling on these companies, knowing that the trend is on them.
Not to mention that many influential figures have said that Artificial General Intelligence is just around the corner, and when it happens, it will change everything.
But Nick Frosst doesn't share that same idea.
Read: Transitioning To AGI Is Perhaps The Most important, And 'Scary' Project In Human History
Speaking to TechCrunch in a podcast, Frosst said that:
"And I think more and more people are kind of coming to that realization, saying this technology is incredible. It’s super powerful, super useful. It’s not a digital god. And that requires adjusting how you’re thinking about the technology."
Frosst is the co-founder of Cohere.
His company builds custom AI models for enterprise customers, and because of this, he too knows and acknowledges the trend.
After all, the technology has been so profound, that the society, government, policymakers and the people in general are still experimenting on how to implement the technology properly, and safely.
However, he thinks that the AI industry is not inside a bubble, or at least yet.
"And like that’s tangible value. It’s hard for there to be a complete bubble when you have something so useful."
AGI, which is supposed to be super-intelligent, could fundamentally alter the course of human civilization, potentially leading to outcomes as significant as those attributed to divine intervention. The possibility of AI making decisions that affect the entire human race can lead to a perception of AI as a godlike force.
But Frosst isn't bullish on it in everyway.
While he knows how powerful and smart AI products can be, and how they can be so "alive", it's just that he doesn't really think AGI is going to happen.
This is a contrast to some industry leaders, like OpenAI's Sam Altman, Meta's Mark Zuckerberg, Google's Sundar Pichai, Nvidia's Jensen Huang, or serial entrepreneur Elon Musk.
Even James Cameron, the world-renown director is scared of it.
Frosst still thinks that AI with human-level intelligence is most likely to never happen.
After all, humans created it, then it shouldn't be a god.
He made it seem that even when AI improved so greatly that automation and recursive self-improvement is on a 'god level', having AGI is like a Paradox of Creation.
He added that if the industry does get there someday, it’s not going to be for a long time.
"We’re pretty sober about how this technology is useful, and what value it can deliver, and to be clear, an insane amount of value," Frosst once said.
"But I don’t think it’s going to bring about the death of all humans. And so we’re able to kind of have this realistic approach that maybe spares us from some of the extreme rhetoric on either side."
Read: Artificial General Intelligence, And How Necessary Controls Can Help Us Prepare For Their Arrival