Google boss warns 'no company is going to be immune' if AI bubble bursts
5 days ago
- #AI
- #Investment
- Google's CEO Sundar Pichai warns no company, including Google, would be immune if the AI bubble bursts.
- Pichai acknowledges the current AI boom has elements of 'irrationality' but compares it to the internet's early days, expecting AI to be similarly profound.
- Alphabet's shares have doubled in value, reflecting market confidence in its AI strategy, including developing AI superchips to compete with Nvidia.
- Pichai highlights the 'immense' energy needs of AI, which accounted for 1.5% of global electricity consumption last year, stressing the need for new energy sources.
- Google plans significant UK investments in AI, including £5bn over two years, aiming to strengthen the UK's position as an AI superpower.
- AI's impact on jobs will be profound, requiring adaptation, with those leveraging AI tools likely to perform better in their professions.
- Alphabet remains committed to achieving net zero by 2030, despite acknowledging delays due to AI's energy demands.