As one of Asia's most prolific tech entrepreneurs, Patrick Grove has seen the wild ups and downs of the industry over the past 25 years. Since his early arrival in the tech scene in 1999, Grove has founded multiple companies, survived the dotcom crash, and led six IPOs in Malaysia, Australia and the United States. And so, when Grove is asked to look into the future, he has an unmatched wealth of experience to draw upon when making bold predictions about the near future of business in Asia. This time, he's very clear about what the future holds: artificial intelligence, he says, has arrived—and everyone has to get on board very fast.

Read Patrick Grove's full profile on Asia's Most Influential

1. As an investor and an entrepreneur, what sectors, markets or ideas are you excited about? 

I think AI (artificial intelligence) is one of the most fascinating technology developments in the last s months.  Things like ChatGPT are just the beginning and already this technology is on the cusp of disrupting most journalism roles. The key is to be on the right side of technology, which is never easy.

2. Do you agree with the observation that tech in particular seems to have accelerated even more over the past few years? What ‘traditional’ industries are poised to be improved by technological innovations?

 Technology growth is often exponential, which is why at the time we don’t seem to notice it, and then wake up three years later and its everywhere.  I believe this is what will happen to AI.  Technology is on the cusp of disrupting banking and healthcare, [which are] sectors traditionally still dominated by incumbents.

3. Is Asia ready for AI?

The world is not ready for AI—but it’s coming, so we better get ready.  There is a possibility that 12 months from now, this entire magazine can be written by AI with only human involvement in editing and curating.  There is a possibility that in 24 months, all magazines, websites and newspapers will be entirely produced by computers and software.