Google CEO: If an AI bubble pops, no one is getting out clean
4 days ago
- #AI Market
- #Investment Trends
- #Tech Industry
- Alphabet CEO Sundar Pichai warns of 'irrationality' in the AI market, stating no company is immune.
- Pichai compares current AI investment trends to the late 1990s Internet boom, acknowledging potential overshooting.
- Despite concerns, Pichai believes AI will be as transformative as the Internet, with both rational and irrational investment phases.
- Critics highlight skepticism over $1.4 trillion in AI-related deals, particularly around OpenAI, with concerns about overexcitement and financial losses.
- AI industry critic Ed Zitron responds, suggesting Pichai's comments reflect a defensive stance on excessive AI investment.