Charles Hudson explains why companies are frantically buying AI tools right now. Board pressure pushes CEOs to show they're exploring AI, driving up spending. Eventually, Hudson says, each company will pick one dominant tool per task and budgets will settle down.
Chapters
Because I do think there's a lot of companies who are just like, we're going to try as many AI tools as we can in search of the thing that works. And is it very possible the thing you bought last quarter is no longer the thing that works because some new capabilities come out? And so you try a new thing because nobody wants to get left behind. At some point, it's going to settle. People are going to be like, all right, I'm not going to pay for three coding copilots. We're either going to use cursor, or we're going to use GitHub Copilot, or we're going to use one of these things. And there's going to be a bunch of these markets where people are going to be, we're not going to pay for 10 of these things. Going to pick one. And so I think we're in a moment where just the budgets are big. And I think no CEO wants to go to the board and say, we're not heavily invested in figuring out how AI is going to impact our business.