Microsoft says artificial general intelligence (AGI) could take decades

By:
on Nov 30, 2023
Listen
  • Brad Smith doesn't see a super intelligent computer in the near future.
  • Microsoft reveals plans of investing $3.2 billion in the United Kingdom.
  • Shares of the tech titan are currently up over 60% versus its YTD low.

Follow Invezz on Telegram, Twitter, and Google News for instant updates >

Brad Smith – the President of Microsoft Corp (NASDAQ: MSFT) says artificial general intelligence or “AGI” is highly unlikely to realise in the near term.

Smith shares his view on AGI

Copy link to section

Smith did agree on the need for safety breaks in artificial intelligence especially as it relates to systems that control important infrastructure but added:

There’s absolutely no probability that you’ll see this so-called AGI, where computers are more powerful than people in the next 12 months. It’ll take years, if not many decades.

He made the remarks to reports in the United Kingdom on Thursday.

Earlier in November, the tech behemoth announced an AI chip that it expects will compete with Nvidia Corp. $MSFT is currently up more than 60% versus its year-to-date low in the first week of January.  

Featured Broker

Looking to invest?

Invest globally in stocks, options, futures, currencies, bonds and funds from a single unified platform, with our highest-rated broker.

Ad

Microsoft to invest $3.2 billion in the U.K.

Copy link to section

Note that Smith’s comment on AGI is somewhat in contrast with Jensen Huang who recently said at the New York Times Dealbook Conference that artificial intelligence could be “fairly competitive” with human in just five years.

Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

Also on Thursday, Microsoft said it will pump about $3.2 billion in the United Kingdom in pursuit of future growth in AI over the next three years. The investment, it added, will more than double its datacentre footprint in Britain.

Last month, the Nasdaq-listed firm reported solid results for its first financial quarter that Invezz covered in detail here.

Wall Street currently has a consensus “buy” rating on shares of Microsoft Corp

Ad

Copy expert traders easily with eToro. Invest in stocks like Tesla & Apple. Instantly trade ETFs like FTSE 100 & S&P 500. Sign-up in minutes.

10/10

eToro offers real assets only, no CFD products. eToro USA LLC and eToro USA Securities Inc.; Investing involves risk, including loss of principal; Not a recommendation.

Get demo account
Microsoft UK USA AI North America Stock Market Tech World