by Lucas Nolan at Breitbart
Google CEO Sundar Pichai has cautioned that while the current surge in AI investment represents an “extraordinary moment,” there are also some elements of “irrationality” in the AI boom.
In an exclusive interview with BBC News, Google CEO Sundar Pichai addressed concerns about a potential AI bubble and its potential impact on companies like Google. Pichai acknowledged that if the AI bubble were to burst, no company would be immune to the consequences, including Alphabet.
“I think no company is going to be immune, including us,” Pichai stated, while also emphasizing that Google’s unique model of owning its full stack of technologies, from chips to data and AI models, puts it in a better position to weather any market turbulence.
Pichai’s comments come amidst growing scrutiny of the AI market, with Alphabet’s shares doubling in value over the past seven months to reach $3.5 trillion as investors gain confidence in the company’s ability to compete with rivals like OpenAI, the creator of ChatGPT. However, some analysts have expressed skepticism about the complex web of $1.4 trillion in deals surrounding OpenAI, which is expected to generate revenues this year that are less than one-thousandth of the planned investment.
Breitbart News recently reported on one prominent investor who believes the AI bubble is at risk of bursting, Michael burry of The Big Short fame:…
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