Nokia Chief Sees AI ‘Super Cycle’ Driving Long-Term Growth Despite Bubble Concerns
Nokia’s CEO believes artificial intelligence investments won’t slow down due to what he calls a “super cycle” with years of growth ahead. Despite concerns about an AI bubble, industry leaders continue pouring billions into the technology, seeing greater risk in under-investing than over-investing.
AI Investment Momentum to Continue
Nokia CEO Justin Hotard has declared that artificial intelligence investments are unlikely to slow down because the technology is in the middle of what he describes as a “super cycle” with massive long-term prospects, according to his recent comments to CNBC. The former Intel executive, who took over Nokia’s leadership in April, stated that AI represents a “secular growth trend for many years” that extends far beyond current applications.