Good morning.
Fortune’s Brainstorm A.I. conference got underway in San Francisco yesterday, providing dramatic testimony about the advances in A.I. technology that have been made in the last year. (If you haven’t been following those advances, check out this piece on Open AI’s new chatbot or play with its sibling, Dall-E, which makes images from text.)
Some excerpts from the conference:
“We think A.I. is the largest platform shift since electricity and the internet. And we think it’s actually more dramatic than that…that it will ignite innovation across the world. About four years ago, we refreshed our strategy, and we actually framed A.I. as the core element of that strategy…It’s not a side gig.”
—Sasan Goodarzi, CEO, Intuit
“I don't think that A.I. and machine learning is the solution to every problem. It really comes back to the core of asking: ‘What is the business problem I'm trying to solve? What is the product problem I’m trying to solve.’ And being really clear on that.”
—Yael Garten, director of A.I., Apple
“I think our whole society right now is having this conversation of stakeholder economy in addition to shareholder economy. And I think [A.I.] needs to be part of the same conversation, because in this process of creating and deploying A.I., it'll impact all of our lives, and it is really important that we include all the stakeholders of this technology in the design process.”
—Fei-Fei Li, co-director, Stanford Institute for Human-Centered AI
“This may surprise people, but I think you'll find that many of us embrace regulation, because we're going to have to be thoughtful about ‘When is it appropriate to use these technologies?’ How do we put them out into the world so that we don’t throttle them, but make sure we're using them in the most useful ways, the most appropriate ways, with sufficient oversight and thought.”
—James Manyika, senior vice president, technology and society, Google
“There is more A.I. in Snapchat on your phone than there is in all of U.S. DOD (Department of Defense) combined.”
—Brian Schimpf, CEO, Anduril Industries
“Today, we routinely train A.I. systems on 50 data points or 100 data points. Data-centric A.I. is a key technology that begins to work on these much smaller data sets. It democratizes access to A.I.”
—Andrew Ng, CEO, Landing AI
You can watch today’s sessions at the conference here. Other news below. And here’s your fun fact for the day: 16 former PepsiCo executives are now Fortune 500 CEOs. How did the snack company become a factory for CEO talent? Phil Wahba dives in here.
Alan Murray
@alansmurray
alan.murray@fortune.com
