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By BBC News
Sundar Pichai, CEO of Alphabet Inc. (parent of Google), described the current surge in artificial-intelligence (AI) investment as an “extraordinary moment,” while warning that it carries significant risks for every company.
“We can look back at the internet right now. There was clearly a lot of excess investment, but none of us would question whether the internet was profound,” he said.
“I expect AI to be the same. So I think it’s both rational and there are elements of irrationality through a moment like this.”
For more of the article go to the BBC
There’s more great reporting from Common Dreams and Brad Reed on this topic as well.
From their article, “Warnings of AI Bubble Grow Louder as Big Investors Dump Nvidia Stock”:
“I’m very nervous about the size of these investments in these data centers,” one tech CEO said.
..”.Sebastian Siemiatkowski, CEO of global payments network Klarna, told the Financial Times on Monday that while he still believed in the potential of AI, he also thought many of the biggest players in tech were vastly overspending to build out infrastructure that would not be needed to power the technology.
Siemiatkowski pointed to advances made this year by Chinese AI firm DeepSeek in vastly reducing the power needed to run AI as evidence that the energy-devouring data centers being constructed across the US would be a massive overbuild.
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