AI is a ‘more dramatic’ shift than electricity or the internet; CEO of Intuit
Intuit CEO Sasan Gudarzi, pictured at Fortune’s Brainstorm AI 2022 event. Nick Otto for Fortune
Good morning.
Fortune:The Brainstorm AI conference kicked off in San Francisco yesterday, providing a dramatic testament to the progress AI technology has made over the past year. (If you haven’t been following those developments, check out this piece on Open AI’s new chatbot, or play with its sibling, Dall-Ewhich makes images from text.)
Some excerpts from the conference.
“We believe AI is the biggest platform change since electricity and the Internet. And we think it’s actually more dramatic than that…that it will ignite innovation around the world. About four years ago, we updated our strategy, and we actually defined AI as a core element of that strategy… It’s not a side gig.”
–Sasan Gudarzi, CEO of Intuit
“I don’t think artificial intelligence and machine learning are the solution to every problem. It really comes back to the crux of the question. “What is the business problem I’m trying to solve? What is the problem with the product I am trying to solve? And being really clear about it.”
–Yael Garten, Director of AI, Apple
“I think that our entire society at the moment, in addition to the economy of shareholders, also has this conversation about the economy of stakeholders. And I think [A.I.] should be part of the same conversation, because in this process of creating and deploying AI, it will affect all of our lives, and it’s really important that we include all stakeholders of this technology in the design process.”
—Fei-Fei Li, co-director of Human-Centered AI at Stanford
“This may surprise people, but I think you’ll find that most of us embrace regulation because we have to think, “When is it appropriate to use these technologies?” How do we get them out into the world so that we don’t disrupt them, but make sure that we use them in the most useful ways, in the most appropriate ways, with enough control and thought?”
–James Maniika, Senior Vice President of Technology and Society at Google
“There’s more AI in Snapchat on your phone than in the US DOD (Department of Defense) combined.”
–Brian Schimpf, CEO of Anduril Industries
“Today, we routinely train AI systems on 50 data points or 100 data points. Data-driven AI is a key technology that is starting to work on these much smaller data sets. It democratizes access to AI.”
— Andrew Ng, CEO of Landing AI
You can watch today’s conference sessions here. More news below. And here’s your fun fact for the day. 16 former PepsiCo executives are now Fortune 500 CEOs. How did a snack company become a CEO talent factory? Phil Wahba dives in here.
Alan Murray
@alansmurray:
alan.murray@fortune.com
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this edition of CEO Daily: edited by David Meyer.
