Google Boss Says Trillion-Dollar AI Investment boom Has ‘Elements of Irrationality’

Every company would be affected if the AI bubble were to burst, the head of Google’s parent firm Alphabet has told the BBC. From the report: Speaking exclusively to BBC News, Sundar Pichai said while the growth of artificial intelligence investment had been an “extraordinary moment”, there was some “irrationality” in the current AI boom. It comes amid fears in Silicon Valley and beyond of a bubble as the value of AI tech companies has soared in recent months and companies spend big on the burgeoning industry.

Asked whether Google would be immune to the impact of the AI bubble bursting, Mr Pichai said the tech giant could weather that potential storm, but also issued a warning. “I think no company is going to be immune, including us,” he said. In a wide-ranging exclusive interview at Google’s California headquarters, he also addressed energy needs, slowing down climate targets, UK investment, the accuracy of his AI models, and the effect of the AI revolution on jobs.