Clara Shih, the CEO of Salesforce AI, has drawn a parallel between the current state of artificial intelligence (AI) and the early days of the internet in 1988. Speaking at a panel discussion at Viva Tech Paris 2024, Shih suggested that society is on the cusp of a significant breakthrough in AI, much like the internet was in 1988, just before the invention of the World Wide Web.

Shih's comments imply that the AI industry is poised for a major advancement, as 1988 was a pivotal year for the internet, with the number of users expanding beyond universities and government offices to become more widely available internationally. The internet started becoming more accessible globally in 1988, after several countries were connected to the National Science Foundation Network (NSFNET).

The Salesforce AI CEO's predictions align with those of the AI division behind Moët Hennessy Louis Vuitton (LVMH), which aims to use AI algorithms to complement human workers, not replace them. Axel de Goursac, the director of AI Factory at LVMH, emphasized that the goal is to augment humans with artificial intelligence, rather than replacing them.

Shih's comparison of AI to the early days of the internet highlights the potential for AI to transform industries and create new business models, much like the internet did in the 1990s and early 2000s. The CEO's comments also address concerns about AI replacing human labor, suggesting that AI will update current jobs rather than replace them, much like the internet did in the past.

The article also mentions Iggy Azalea's recently launched memecoin, MOTHER, which has surged to a market capitalization of over $28 million, surpassing a token named after her by Sahil Arora, who has been accused of fraudulent activities. Azalea has distanced herself from Arora and the scandal-tainted project bearing her name.

In addition, the article touches on the topic of AI vs. crypto and whether AI will make a real difference in the cryptocurrency space. It also mentions Cathie Wood's ARK Invest pouring $60 million into Elon Musk's AI venture and Sam Altman's departure from OpenAI.

Overall, the article highlights the rapid evolution of AI and its potential to transform industries, as well as the ongoing developments in the cryptocurrency space. By following Cointelegraph's news and updates, readers can stay informed about the latest developments in the cryptocurrency and blockchain space, and gain a deeper understanding of the complex and rapidly evolving landscape of decentralized finance.