"What they're saying: If the bubble bursts, "I think no company is going to be immune, including us," Pichai said in what was billed as an exclusive interview. "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 told the British broadcaster. "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.""
"By the numbers: Shares in Google parent Alphabet closed at an all-time high Monday, having risen 51% this year alone. Despite Pichai's warning, the stock was up another 0.5% in premarket trading early Tuesday. The company is benefitting from surging demand for AI infrastructure, as well as growing consumer adoption of its own platform Gemini. The bottom line: Investors continue to aggressively buy stocks linked to the AI boom - but they're also asking more questions about how long it can last."
Sundar Pichai warned that no company will be immune if an AI investment bubble bursts. He compared AI to the internet, noting excess investment in the internet while affirming its profound long-term impact. Pichai said AI's trajectory may include both rational investment and moments of irrational exuberance. Alphabet shares closed at an all-time high after rising 51% year-to-date and gained further in premarket trading. The company is benefiting from surging demand for AI infrastructure and increasing consumer adoption of its Gemini platform. Investors continue to aggressively buy AI-linked stocks while also questioning how long the boom can last.
Read at Axios
Unable to calculate read time
Collection
[
|
...
]