AI Innovation: Are Companies Burning Money or Finding Balance in Regulation and Silicon Valley?
Matthew Prince, CEO of Cloudflare, criticized companies for wasting money on AI initiatives, stating that most of them are "lighting money on fire." He also took shots at major cloud providers, particularly Amazon, for artificially constraining access to GPUs and inflating transport costs. In contrast, Jennifer Tejada, CEO of PagerDuty, emphasized the importance of keeping AI strategies simple, bridging the gap between research and product delivery, and training the workforce for AI transformation. She suggested starting with practical use cases identified by employees closest to the business problems.