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

Big Tech is eating as much data as it can to win in AI — but it's not ‘winner takes all,' CEO saysMatt 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."

Big technology companies are consuming as much data as possible to become winners in artificial intelligence — but that's not necessarily what will define winners, according to the boss of software giant"AI is not a place where money makes more money," Calkins told CNBC in an interview at its London bureau on Tuesday.

Far from it, Calkins argues — instead, he thinks Google lost out to Microsoft early on when it comes to generative AI, which threatens to upend the fabric of Google's search business."This is a market for the clever," Calkins said."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.

Calkins said the AI race today has become more about"how much data can you eat" than how smart the AI actually is. Calkins said he's disappointed with a lack of progress on regulation of AI in the U.S. at a federal level."In the United States, it's not clear, partly because the government has been a little bit too friendly to Big Tech," he said.

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