In an interview with the BBC, Pichai described the current increase in spending on artificial intelligence as an “extraordinary moment,” noting that the market shows “elements of irrationality.” He added that AI models are prone to errors, calling for them to be used in conjunction with other sources of information and not relied upon entirely.
Pichai emphasized that AI tools can be helpful in creativity, but they should be used within their capabilities, stressing the need not to have absolute confidence in their results without review.
Regarding the possibility of an AI bubble bursting, Pichai stated that Google may be able to withstand it partially thanks to its size and capabilities, but it “will not be completely immune” if this sector collapses.
These statements come amid growing concern about the significant rise in valuations of American companies operating in this sector, with comparisons to the dot-com bubble experience that ended in a widespread collapse of technology company stocks in 2001.
(BBC)
