IBM Vice Chairman Gary Cohn says small models are the future of AI and will be vastly more efficient and cost-effective. A former COO and president at Goldman Sachs, Cohn was the director of the National Economic Council during the first Trump administration.
Cohn says small models are the future of AI and will be vastly more efficient and cost-effective.
Cohn says in response to a question about potentially low returns for investors in the AI space that “ultimately, the bigger companies are going to have a real big impact.”
He called these companies as the “most likely winners.”
Cohn, referring to market losses after President Trump’s tariffs were enacted this morning, said he believed there have been fewer mergers and acquisition deals.
“That’s not a regulatory statement, that’s a valuation statement,” he said, noting that some of the federal regulators are not yet in place. “These things take more time.” He also calls tariffs a “really regressive way” to raise revenue.
Cohn argued that tariffs to make foreign goods more expensive than domestic goods were a good use, but the tariffs Trump implemented today was flawed because “a lot of the things that we import, we actually don’t make here in the United States.”
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