Alphabet CEO Sundar Pichai has warned that no company, including Google, would be immune if the current global artificial intelligence (AI) investment boom were to collapse. In an exclusive interview with BBC News, Pichai described the rapid surge in AI-related investments as an “extraordinary moment,” but acknowledged that “some irrationality” exists in today’s AI market frenzy. His comments come amid growing concerns in Silicon Valley and beyond that the soaring valuations of AI companies may be creating a financial bubble.
Asked whether Google could withstand a potential downturn, Pichai said the tech giant was well-positioned but would not be completely shielded. “I think no company is going to be immune, including us,” he admitted.
Speaking from Google’s California headquarters, Pichai also discussed pressing issues such as energy demands, delayed climate goals, UK investments, the accuracy of AI models, and the impact of the AI revolution on employment.
The interview comes at a time of heightened scrutiny of the AI sector. Alphabet’s market capitalization has doubled to $3.5 trillion (£2.7 trillion) over the past seven months, driven by investor confidence in its ability to challenge OpenAI’s ChatGPT.
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