Friday, 03 July 2026 05:30 AM
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ANKARA, TR / ACCESS Newswire / July 3, 2026 / It is common to think that artificial intelligence as a technology is moving way too fast and most of us are not able to grasp its constant developments. Soumitra Dutta, the former dean of Oxford University's Saïd Business School and the inventor of the Global Innovation Index, feels that the hype may not be as real as people view it. Mr Dutta is one of the very few academicians who can take complex tech subjects and make them relevant by using real-world scenarios to demonstrate the practicality of new-age technology. Doing so not only helps more and more people understand the complex subject of AI, but also helps them understand the ongoing developments in this brand-new digital tool and the way it is transforming sectors, be it education, finance, healthcare, and agriculture, among many others.
AI Is Buzzing Way More Than What You See In the media
Dutta, co-founder of two AI-based firms, NexiVerify and CAASAA, is among the very few to ask the real questions, questions that need responsible and woke answers. "How does technology help societies to develop themselves? How does technology help governments to provide better governance, and how does technology help countries to become more competitive?" Soumitra Dutta, Oxford Dean (Former) questions. He continues, "Back in 2001-2002, we argued that the regulatory environment of a country, the kind of societal conditions in a country are very important enablers." You may not be aware but today, more than 100 governments use Soumitra Dutta's Global Innovation Index and, in a world, where AI technology is either eradicating or replacing jobs, different departments of the government must come together to come up with better solutions that serve in the best human interest.
Soumitra Dutta on AI's trajectory and its exponential capabilities
If you look at the progress of artificial intelligence as a technology, it is just like a tumbleweed; once it starts rolling, it will snowball into an almost unstoppable force as newer discoveries emerge. This is what we are witnessing in the twenty-first century, and something that the researchers back in the 1950s would have imagined what the future would hold for AI. Soumitra Dutta, too, is certain that what we are witnessing with AI after so many years of research on it is nothing as opposed to what we will witness with this digital tool in the future. He comments, "We all know that we are living in exponential times. What we have seen in the last 5-10 years is nothing compared to what we will see in the next 5-10 years... it's going to explode."
One of Soumitra Dutta's key concerns is what happens when cutting-edge technology is commercialized. As AI tools become products, they are increasingly influenced by business models, monetization strategies, and competitive pressures. This can affect how systems are designed, deployed, and experienced by users. Rather than framing this as a decline in quality, it is more accurate to see it as a shift. AI is moving from a research-driven paradigm to a market-driven one. This transition raises important questions about incentives, access, and trust. Soumitra Dutta, Oxford Dean (Former) remarks, "When technology becomes embedded in business models, its trajectory is shaped not just by what is possible, but by what is profitable." Understanding this dynamic is essential for users, policymakers, and organizations alike
Where Do Startups Stand In The Era of Artificial Intelligence?
Soumitra Dutta, who himself is a proud entrepreneur, has clear views on where the startups stand in the present AI scenario. "I am a curious person by nature and I like getting my hands dirty. Successful startups always have ups and downs... it's how you negotiate how you react to the downs," Mr Dutta suggests. "Resilience rules-especially in emerging markets short on VC. "The hardest thing is to find the scale up capital... that 30-50 hundred million dollar," he adds.
While there isn't much that we can do about how artificial intelligence progresses, Soumitra Dutta, Oxford Dean (Former) is right to point out that we must be smart enough to embrace this chaos rather than getting overwhelmed.
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SOURCE: Reach Wire