We're in an AI 'super cycle,' top investor says — and it could last 20 years (www.cnbc.com)

B Capital co‑founder and co‑CEO Raj Ganguly told CNBC that AI is in the early years of a long “super cycle” — likely 15–20 years — that will reshape industries, jobs and global tech power. Pointing to the explosion of generative AI since ChatGPT’s 2022 debut, he argued this phase will drive persistent, structural growth as companies pour billions into capabilities that change how drugs are discovered, software is built and businesses operate. Ganguly also noted a geographic shift: Silicon Valley remains influential but now accounts for a much smaller share of global innovation, with India and China producing fundamental, exportable AI products. Technically, Ganguly highlighted three practical trends: widespread adoption of generative AI and LLMs; the rise of “AI‑native” applications that can plug into any model layer (a likely future profit pool); and the need for deep tech — including advanced semiconductors and industry‑specific AI — rather than solely consumer apps. He emphasized that founders can now prototype and ship code without traditional engineering resources, accelerating startup formation. He also warned of froth in valuations and unrealistic near‑term timelines, even as the long‑term transformation remains profound.