At the Davos Forum yesterday, Mustafa Suleyman, co-founder of DeepMind and Inflection AI, shared his perspectives on the burgeoning AI industry in an engaging conversation with CNBC’s Squawk Box. His insights delved into both the tremendous potential and the inherent challenges of AI technologies.

DeepMind, known for its innovative work in AI, including the development of AlphaGo, has been a pioneer in AI research and applications. Suleyman, in the interview, stressed the transformative nature of AI.

“Everything of value in the world has been created by intelligence, our ability to reason and make expectations,” said Suleyman, reflecting the ethos behind DeepMind’s ambitious projects.

Suleyman’s new venture, Inflection AI, aims to further the integration of AI into everyday business and personal activities. He called attention to the role of AI in improving efficiency and generating business value, noting:

“These tools do two things: they take an existing process and make it massively more efficient, and it’s a huge savings.”

Discussing the current AI hype, Suleyman described Davos as having transformed into an “AI forum”, with companies eager to position themselves as AI-first entities. However, he cautioned about the market dynamics.

“These are fundamentally labor-replacing tools,” he said. “They’ll augment us and make us smarter and more productive, but in the longer term, that’s the question.”

The conversation also touched upon the potential impact of AI on the job market. Suleyman expressed concern about the need to thoughtfully integrate these tools to avoid adverse effects on employment.

“We have to think very hard how we integrate these tools because left completely to the market and to their own devices, these are fundamentally labor-replacing tools,” said Suleyman.

Inflection AI’s approach, as Suleyman detailed, is to create AI that is both creative and empathetic, resembling less of a traditional database and more of a personal intelligence. He imagines a future where AI, like his envisioned Personal Intelligence (PI), provides services akin to a high-end family office for everyone. This democratization of services could revolutionize access to financial advice, personal assistance, and even mental health support.

In a thought-provoking moment, Suleyman addressed the potential of AI in therapy, suggesting that AI could offer a more accessible alternative to traditional therapy sessions, stating: “It’s a question of scale. Hundreds of millions of people who don’t have access to kindness and support… In the future, PI will be like having a high family office for everybody.”

Suleyman’s insights at Davos reflect a nuanced understanding of AI’s potential and challenges. As AI continues to evolve, his work with DeepMind and Inflection AI will undoubtedly remain at the forefront of this technological revolution.

Featured image: Credit: CNBC’s ‘Squawk Box’