![A.I. is not all hype, it’s the fourth industrial revolution: Dan Ives A.I. is not all hype, it’s the fourth industrial revolution: Dan Ives](https://i0.wp.com/image.cnbcfm.com/api/v1/image/107263748-1687918827984-gettyimages-1252640004-porzycki-openaich230504_npiyx.jpeg?fit=%2C&ssl=1)
![AI isn't in a hype cycle, but a 'transformative technology', says Wedbush Securities' Dan Ives](https://i0.wp.com/image.cnbcfm.com/api/v1/image/107263750-16879196011687919598-30073287781-1080pnbcnews.jpg?w=640&ssl=1)
Generative AI is all the rage right now, but the AI boom isn’t just hype, says Wedbush Securities’ Dan Ives, who he calls the “fourth industrial revolution” .
“I call it the 1995 moment, parallel to the internet. I don’t think it’s a hype cycle,” the managing director and senior equity research analyst told CNBC’s “Squawk Box Asia” on Wednesday.
this Fourth Industrial Revolution Refers to how technological advances such as artificial intelligence, self-driving cars, and the Internet of Things are changing the way humans live, work, and connect with each other.
“I think this is really a revolutionary change in technology that will change the tech space for the next 20-30 years,” Ives said. skeptical.”
Adoption of AI techniques has surged after OpenAI’s viral chatbot ChatGPT surprised researchers and the public after its instant popularity for generating human-like responses to user prompts.
“I think it really depends on what guidance is being heard around the world for Nvidia’s $4 billion guidance range. I think that’s just the tip of the iceberg,” he said.
american chip maker Nvidia Produces graphics chips for gaming and artificial intelligence. These chips help power the technology behind ChatGPT, letterThe Bard chatbot.
Nvidia The company said it expected second-quarter sales of about $11 billion, more than 50 percent above Wall Street expectations of $7.15 billion, which Ives called “eye-popping guidance.”
Nvidia stunned investors and analysts in May when it reported first-quarter profit of more than $2 billion on revenue of $7 billion, beating expectations.
“We’re going to spend a trillion dollars over the next decade. That’s probably conservative — that wasn’t the case six months ago,” Ives said.
“That’s why I think what you’re seeing is multiple unwrapping. Investors recognize that this isn’t an AI gold rush, but I do think it’s important. As far as I’ve seen in my career, the only similarities are between the internet in 1995 and the Apple iPhone moment in 2007. ’ said the analyst.
Svlook