Business · Fortune Technology
On the question of what comes next, Devgan gets expansive
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He called Waymo “the biggest breakthrough in AI in the last five years”—a window into a $3 trillion to $4 trillion global transportation industry on the verge of total transformation.
Key facts
- He sees it as a classic first-derivative mistake a window into a $3 trillion to $4 trillion global transportation industry on the verge of total transformation
- On defense, he said he sees the industry being “completely redesigned for autonomous”—noting the absurdity of a $1 million missile being fired in Iran to knock down a $30,000 drone
- As president and CEO of Cadence, the $90 billion-plus electronic design automation company whose software underpins the chips in everything from iPhones to AI data centers, he has a front-row seat
- The technology always evolves faster,” he told Fortune backstage at Great Place to Work’s For All Summit in Las Vegas, when asked about the pace of change
Summary
Anirudh Devgan has a theory about why smart people keep making the same mistakes. Every generation faces a new wave of technological disruption and responds with the same blend of overconfidence, short-termism, and reluctance to let go of what’s working. “The technology always evolves faster,” he told Fortune backstage at Great Place to Work’s For All Summit in Las Vegas, when asked about the pace of change. What makes Devgan’s perspective unusual is that he’s not a philosopher: He’s an engineer at the center of the AI build-out. “There is some AI washing going on,” he said, referring to the practice of attributing mass layoffs to AI efficiencies that may or may not exist or ever materialize.