“In the future, it’ll just be part of our lives. It’ll just be implemented into us, right?” – 05:21
Steven Orr, also known as Big Beat, the CEO and founder of Quasar Markets, Inc., joins Remy Blaire at the New York Stock Exchange to share his insights on the current state of AI and its integration into everyday life. Steven reflects on how discussions surrounding AI have transformed over the past three years, noting that it has become a central theme in technology and finance. He emphasizes the role of AI in the fintech space, explaining how it has revolutionized trading by making it more accessible and efficient for users.
The conversation shifts to the major players in the tech industry, including OpenAI, NVIDIA, and Intel. Steven articulates that these investments are not only about technological advancement but also encompass national security and data ownership. He points out that companies with vast amounts of data, such as Amazon and Facebook, are poised to lead the way in shaping the future of AI.
As they delve into the valuation of publicly traded companies in the AI sector, Steven predicts that many emerging companies will consolidate around the major players making substantial investments in AI. He also discusses the energy sector, highlighting how AI can optimize energy usage and improve safety in energy transmission, which is crucial for the future.
Looking ahead, Steven shares his vision for the future of AI, suggesting that it will become so seamlessly integrated into daily life that people may not even recognize when they are using it. He draws parallels to the early days of the internet, indicating that AI will soon be an inherent part of everyday routines. Additionally, he touches on the potential of quantum computing, with IBM emerging as a leader in this field.