Intel's AI chief sees growth at blistering speed for 5 years
Research and investments into artificial intelligence (AI) will continue at a dizzying pace for the next five years, predicted Naveen Rao, head of AI at Intel, according to Computerworld. After that, several core AI capabilities will become the focus for most companies.
"That's why I think the next five or six years are going to be really, really fast moving. It will stabilize at that point after we figure out what the stack looks like and who the players are in the stack," Rao told Computerworld.
Rao was previously CEO of Nervana Systems, a deep-learning startup Intel bought last year.
Because AI can help companies find competitive advantages, demand could be enormous. But AI is very much in its early stages in terms of how to make it work at the average company. But given the amount of money and brain power poured into AI research, it likely won't be long until commercializing and monetizing AI becomes a reality.
According to a recent IDC study, AI market revenues are expected to grow 487% in less than five years.
Intel has been pushing AI hard as it works to diversify its core offerings. The company announced in March it would align all of its artificial intelligence efforts under one group, known as the Artificial Intelligence Products Group, that includes resources from various Intel divisions including engineering, labs and software and is led by Rao.