US EditionGoogle CEO sees ‘irrationality’ in AI boom
Sundar Pichai highlighted AI's immense energy use, accuracy issues, and a 46% surge in Alphabet shares this year amid concerns about an AI investment bubble.
- On Monday, Sundar Pichai, CEO of Alphabet, told the BBC there is some "irrationality" in the AI boom and warned, "I think no company is going to be immune, including us."
- Heavy corporate investment in AI products and chips prompted Alphabet's market value doubled in seven months to $3.5 trillion, driven largely by the AI wave.
- Tech leaders and analysts have echoed concerns about exuberance in AI markets, citing the dot-com crash of 2000 and warnings from Sam Altman and Jeff Bezos about bubbly elements and financial engineering.
- Despite Pichai's warning, shares in Google parent Alphabet closed at an all-time high Monday and rose 0.5% in Tuesday premarket trading.
- Concerns about sustainability of trillions in pledged spending shape longer-term risk assessments as investors grow nervous, while Sundar Pichai argued past excesses still yielded profound benefits.
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106 Articles
Google's new model of artificial intelligence: deeper reasoning, less hallucination. The warning of number one, while in the evening the accounts of Nvidia, the pivotal company of the whole AI ecosystem, are expected
Each company would be heavily affected if the artificial intelligence bubble (AI) were to burst, warned Monday Sundar Pichai, the boss of Google's parent company Alphabet, while investments are frantic in the sector.
Google CEO Warns Trillion-Dollar AI Investment Boom Has ‘Irrationality
Could the AI boom be getting a little… overheated? Sundar Pichai, CEO of Alphabet, Google’s parent company, told the BBC that AI investment has sparked an “extraordinary moment.” He said there’s a whiff of “irrationality” in the frenzy.And yes, even Google wouldn’t be completely safe if the AI bubble bursts. “I think no company is going to be immune, including us,” he warned.Pichai compared today’s AI hype to the dotcom days, when sky-high valua…
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