On October 12, 2024, representatives from the Ukrainian School of Elite participated in a business meeting with John Nesheim, one of Silicon Valley’s pioneers, discussing “Artificial Intelligence and Its Impact on Current and Future Processes.”
The event was organized by the Irpin Business Breakfast movement, initiated by Andrii Shekhovtsov in Irpin, and held in Bucha.
During the meeting with Ukrainian entrepreneurs and public figures, John addressed pressing questions about AI, such as:
In response to these concerns, John explained the “Gartner Hype Cycle.” Every new technology follows a similar pattern. Initially, a trigger creates sudden excitement and high expectations, reaching a peak, as shown in the Gartner curve diagram. Eventually, there is a testing phase where inflated expectations give way to a “trough of disillusionment.” As real-world applications emerge, interest stabilizes, and the technology reaches the “Plateau of Productivity,” where it becomes part of regular business operations.
John assured that AI would follow this same trajectory. As of 2024, we’re only beginning to explore its practical benefits. While there may be disappointments along the way, eventually, AI will become a common tool in daily tasks. The “apocalypse” is canceled.
John Nesheim is a Silicon Valley pioneer, author of the bestseller High Tech Start Up, and a 26-year faculty member at Cornell University.
Over four decades, John has advised hundreds of entrepreneurs, helping raise $2 billion in funding for 300 tech startups. His research on building global startups is used by tech incubators, universities, and governments worldwide. He resides in California, where he continues to mentor young entrepreneurs and engage in philanthropy.
John Nesheim’s research focuses on building global startups, with his advice widely utilized by tech incubators, universities, and governments worldwide. He resides in California, where he continues mentoring young entrepreneurs and engaging in philanthropic activities.