Matt Calkins, CEO and co-founder of Appian, said that though internet giants like Microsoft , Amazon , and Google are spending billions on the tech, ensuring success in AI is "not just about money."
"AI is not a place where money makes more money," Calkins told CNBC in an interview at its London bureau on Tuesday.
Microsoft has struck a similar deal with Mistral, taking a 15 million euro ($16 million) stake in the French AI firm.
Separately, Amazon has invested a whopping $4 billion into U.S. AI firm Anthropic, which is behind the Claude AI system.
"The best AI will be the AI you put your data into, not whoever bought the biggest stack," he said.
Persons:
Matt Calkins, Appian, Calkins, Sam Altman, Altman, Claude, you've, —, Sundar Pichai
Organizations:
Microsoft, Google, CNBC, Mistral, Amazon, OpenAI, Anthropic, British
Locations:
London, OpenAI, Redmond, Washington, French, Anthropic, Europe