Sundar Pichai warns AI bubble burst could shake every tech firm, including Google - India Today
Google CEO Sundar Pichai has sounded a warning about the current surge in AI investment, calling the moment “extraordinary” but tinged with risky exuberance. Speaking to the BBC, he pointed out signs of irrationality in the AI market, drawing parallels with the dot-com bubble. According to him, no company — not even Google — would be immune if the AI craze were to collapse. While he believes Alphabet is strong enough to “weather the storm,” he cautioned that a sharp market correction could trigger widespread fallout across the tech industry. Pichai also flagged the huge energy demands of AI development, which could derail Alphabet’s targets for net-zero emissions even as it ramps up spending on infrastructure and research.
The Key points
- Sundar Pichai warns that the current AI boom has “elements of irrationality.”
- He says no company is safe — “including us” — if the AI bubble bursts.
- Pichai calls this a once-in-a-generation technological moment, despite the risks.
- He draws a comparison to the dot-com era’s “irrational exuberance.”
- Alphabet’s shares have jumped nearly 46% this year, reflecting high investor enthusiasm.
- India Today
- Pichai emphasizes Google could “weather the storm,” even in a downturn.
- Regulatory and market concerns are already growing in the US and UK over overheated AI investing.
- Alphabet has pledged £5 billion in the UK to boost AI infrastructure and DeepMind.
- Training more AI models is planned to happen in the UK, aligning with broader AI ambitions.
- Pichai warns that AI’s “immense” energy needs may delay Alphabet’s net-zero climate goals.
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