Big Tech is eating as much data as it can to win in AI — but it’s not ‘winner takes all,’ CEO says

CNBC May 8, 2024
Ryan Browne

Key Points

– Matt Calkins, CEO and co-founder of Appian, said that though giants like Microsoft, Amazon, and Google are spending billions on the tech, ensuring success in AI is “not just about money.”

– Referring to deals and partnerships between tech giants and smaller AI firms, Calkins said, “If coalitions won the AI race, Google would have won by now.”

– “The fact that you’ve got enough money to buy, or buy a piece of, Anthropic or Mistral or any of that, that’s impressive — but AI may not be a ‘winner take all’ market,” he added.

Big technology companies are consuming as much data as possible to become winners in artificial intelligence — but that’s not necessarily what...

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