US EditionA.I. Is Overhyped Yet Underappreciated, Says DeepMind CEO Demis Hassabis
DeepMind CEO Demis Hassabis warns early-stage AI startups face unsustainable valuations and likely market corrections amid a funding frenzy driven by rapid hype shifts.
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A.I. Is Overhyped Yet Underappreciated, Says DeepMind CEO Demis Hassabis
For Demis Hassabis, CEO of Google DeepMind, there’s little doubt that parts of the A.I. industry are in a bubble. The harder question, he says, is figuring out which areas are fueled by hype and which truly have the potential to be transformative. “There are parts of the A.I. ecosystem that are probably in bubbles,” Hassabis said during a recent episode of Google DeepMind: The Podcast. He pointed to the soaring valuations of nascent startups as …
Google DeepMind CEO Demis Hassabis says some AI startups are wildly overpriced — and a correction is coming
Demis Hassabis says some AI startups are raising tons of money before they've built anything — and he warns a correction is likely.Jack Taylor/Getty Images for SXSW LondonGoogle DeepMind CEO Demis Hassabis says some early AI startups are raising big money.But these startups "haven't even got going yet," he said, adding that an over-correction is likely.His comments come amid growing scrutiny of soaring AI startup valuations.Demis Hassabis has a …
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