* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, September 18, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    REO to return for UI homecoming – The News-Gazette

    REO Gears Up to Ignite the Stage at UI Homecoming Celebration!

    Gen V Season 2: What is The Odessa Project? – yahoo.com

    Gen V Season 2: Unlocking the Secrets of The Odessa Project

    PENN Entertainment stock rating reiterated at Market Outperform by JMP – Investing.com

    PENN Entertainment Stock Rated a Market Outperformer by Experts

    Here’s how NJ’s once-vibrant nightclub scene was born and why it died – Bergen Record

    The Rise and Fall of New Jersey’s Once-Vibrant Nightclub Scene: What Happened?

    The Emmys are back: Viewership soars to highest numbers in 4 years – yahoo.com

    The Emmys Return with a Bang: Viewership Hits a 4-Year High

    From Spinal Tap II to Ed Sheeran : your complete entertainment guide to the week ahead – The Guardian

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    China says US TikTok deal a ‘win-win’, will review app’s technology and IP transfers – Reuters

    China Hails US TikTok Deal as a ‘Win-Win’ While Launching Review of App’s Technology and IP Transfers

    Bucking the Odds: Why Technology Companies Should Embrace Software Patents Today – Crowell & Moring LLP

    Bucking the Odds: Why Technology Companies Should Embrace Software Patents Today – Crowell & Moring LLP

    City IT presented Best of North Carolina Technology Award – RaleighNC.gov

    City IT Honored with Best of North Carolina Technology Award

    LELO Releases 2025 Futurist Report: Intergenerational Views on Relationships, Sex, and Technology – PR Newswire

    Exploring the Future: How Different Generations View Relationships, Sex, and Technology in 2025

    Will New Big Technology Engagements Reshape Innodata’s Growth Path? – Yahoo Finance

    Could New Major Tech Partnerships Propel Innodata to Unprecedented Growth?

    Unlocking AI Success: How People, Process, and Technology Form the Ultimate Triangle

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    REO to return for UI homecoming – The News-Gazette

    REO Gears Up to Ignite the Stage at UI Homecoming Celebration!

    Gen V Season 2: What is The Odessa Project? – yahoo.com

    Gen V Season 2: Unlocking the Secrets of The Odessa Project

    PENN Entertainment stock rating reiterated at Market Outperform by JMP – Investing.com

    PENN Entertainment Stock Rated a Market Outperformer by Experts

    Here’s how NJ’s once-vibrant nightclub scene was born and why it died – Bergen Record

    The Rise and Fall of New Jersey’s Once-Vibrant Nightclub Scene: What Happened?

    The Emmys are back: Viewership soars to highest numbers in 4 years – yahoo.com

    The Emmys Return with a Bang: Viewership Hits a 4-Year High

    From Spinal Tap II to Ed Sheeran : your complete entertainment guide to the week ahead – The Guardian

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    China says US TikTok deal a ‘win-win’, will review app’s technology and IP transfers – Reuters

    China Hails US TikTok Deal as a ‘Win-Win’ While Launching Review of App’s Technology and IP Transfers

    Bucking the Odds: Why Technology Companies Should Embrace Software Patents Today – Crowell & Moring LLP

    Bucking the Odds: Why Technology Companies Should Embrace Software Patents Today – Crowell & Moring LLP

    City IT presented Best of North Carolina Technology Award – RaleighNC.gov

    City IT Honored with Best of North Carolina Technology Award

    LELO Releases 2025 Futurist Report: Intergenerational Views on Relationships, Sex, and Technology – PR Newswire

    Exploring the Future: How Different Generations View Relationships, Sex, and Technology in 2025

    Will New Big Technology Engagements Reshape Innodata’s Growth Path? – Yahoo Finance

    Could New Major Tech Partnerships Propel Innodata to Unprecedented Growth?

    Unlocking AI Success: How People, Process, and Technology Form the Ultimate Triangle

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

“ChatGPT is our Netscape”, Deloitte CEO warns on the disillusionment to follow after AI’s hype cycle peaks

October 4, 2023
in Business
“ChatGPT is our Netscape”, Deloitte CEO warns on the disillusionment to follow after AI’s hype cycle peaks
Share on FacebookShare on Twitter

History has shown that after a breakthrough technology hits the peak of its hype cycle, a “trough of disillusionment” follows. The same is about to happen to artificial intelligence (AI), warned chief executive officer of Deloitte Canada, Anthony Viel, as he spoke at the ALL IN event in Montreal last week.

“ChatGPT is our NetScape,” said Viel, “Our canary in the coal mine.”

They both surged with crazy promises, over-excitement and a bullish market. But all that is tempered when the new technology does not immediately meet our wildest needs or match the power of our imagination and our patience, he explained.

“When that happens, we tend to dismiss it or ignore it, and move on to the next thing,” he added, stressing that we cannot get “distracted or get lulled into a sense of inaction.”

Companies that persisted, like Amazon during the dot com crash in the 1990s, reaped “huge, historic rewards” and players like Google that surfaced in the mid 2000s entirely changed the game.

“We don’t know yet what our Google moment will look like. But we know it’s coming. And I believe it’s coming faster than we think.”

He argued that the trough of disillusionment, which will impact companies across the board, will be short, lasting weeks and months, but not years. And, it is during that period of rapid technological change that leaders should commit to a position to not just survive, but thrive and take advantage of the new situation, noted Viel.

His keynote at ALL IN comes as Deloitte released a new report, highlighting the opportunities of AI, but also its numerous risks.

The report notes that a significant 86 per cent of surveyed Canadian companies had concerns about AI’s ethical risks.

Inaction is not an option even amid those risks, underscored Viel. 

“Make no mistake, these risks are real, but so are the risks of doing nothing.”

Business leaders, he said, have an obligation to build a foundation for ethical and responsible AI, especially in the absence of regulation. Additionally, they should work with regulators, who struggle to keep pace with technological change, to fast track benchmarks and the boundaries for everyone else to follow.

An ethical rollout of AI also means creating an approach that is fundamentally inclusive, Viel noted.

The Deloitte report, in fact, revealed that 51 per cent of respondents cite the potential for bias in AI algorithms and/or about the potential for low-quality results as notable risks.

Viel said that he is not very concerned about low quality results from generative AI systems, as they will continue to improve, but biases are highly concerning.

“Gen AI tools developed naively or in a vacuum will have hardwired racial, gender, and other biases into their operation, which I think has the potential to further divide us as a society,” Viel said. “Now, this is simply not acceptable. And we have to make sure that this doesn’t happen.”

In his keynote, Viel also dismissed concerns about AI replacing jobs and again referred to history;

“It’s happened before and it’ll happen again, whether it was the steam engines, the telegraph or the internet, all of these advancements created jobs.”

The Deloitte report, as a matter of fact, notes that only a quarter of the respondents are worried about losing their jobs. Additionally, over the last five years, Canada’s cohort of AI talent rose an average of 38 per cent annually, outpacing the United States, United Kingdom, Germany, France, and Sweden.

“As AI leads us into the fourth industrial revolution, our purpose remains steadfast, and at the forefront of our words and our actions,” concluded Viel. “I call on all of you to look inward. Never forget the legacy of those who come before you, and the promise, the purpose that guided you to this point today. When we do this, collectively, we can not only be part of an ethical, responsible, and prosperous era for Canada and Canadians, but also right the wrongs of the past and accelerate a better future for all.”

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : ITBusiness.ca – https://www.itbusiness.ca/news/chatgpt-is-our-netscape-deloitte-ceo-warns-on-the-disillusionment-to-follow-after-ais-hype-cycle-peaks/126231

Tags: businessChatGPTNetscape”
Previous Post

Women Pay Billions More in Out-of-Pocket Health Costs a Year

Next Post

Forrester reports cloud trends for 2023

New approach improves right whale distribution models – EurekAlert!

Breakthrough Technique Boosts Precision in Mapping Right Whale Populations

September 18, 2025

Are Six-Figure Tech Careers Disappearing? Why Computer Science Graduates Are Struggling to Find Even Minimum Wage Jobs

September 18, 2025
Scientists reverse stroke damage with stem cells – ScienceDaily

Breakthrough Discovery: Scientists Successfully Reverse Stroke Damage with Stem Cells

September 18, 2025
New statewide SC lifestyle show ‘Palmetto Life Weekend’ to air on WMBF News – WMBF

Discover South Carolina’s Charm: New Lifestyle Show ‘Palmetto Life Weekend’ Premieres Statewide

September 18, 2025
China says US TikTok deal a ‘win-win’, will review app’s technology and IP transfers – Reuters

China Hails US TikTok Deal as a ‘Win-Win’ While Launching Review of App’s Technology and IP Transfers

September 18, 2025

Ireland Contracting Nightly Sports Call: Sept. 17, 2025 – CBS News

September 18, 2025
Trump Designates Antifa ‘Terror Organisation’ Days After Charlie Kirk Murder – NDTV

Trump Designates Antifa ‘Terror Organisation’ Days After Charlie Kirk Murder – NDTV

September 18, 2025
Study: UIS contributes nearly $1 billion to the Illinois economy – NPR Illinois

Study: UIS contributes nearly $1 billion to the Illinois economy – NPR Illinois

September 18, 2025
REO to return for UI homecoming – The News-Gazette

REO Gears Up to Ignite the Stage at UI Homecoming Celebration!

September 18, 2025
WATCH: Former CDC doctor says U.S. is on track to see uptick in preventable diseases under Kennedy – PBS

WATCH: Former CDC Doctor Warns of Rising Preventable Diseases in the U.S

September 18, 2025

Categories

Archives

September 2025
MTWTFSS
1234567
891011121314
15161718192021
22232425262728
2930 
« Aug    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (825)
  • Economy (844)
  • Entertainment (21,723)
  • General (17,103)
  • Health (9,889)
  • Lifestyle (859)
  • News (22,149)
  • People (849)
  • Politics (854)
  • Science (16,056)
  • Sports (21,344)
  • Technology (15,827)
  • World (828)

Recent News

New approach improves right whale distribution models – EurekAlert!

Breakthrough Technique Boosts Precision in Mapping Right Whale Populations

September 18, 2025

Are Six-Figure Tech Careers Disappearing? Why Computer Science Graduates Are Struggling to Find Even Minimum Wage Jobs

September 18, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version