Google’s Sundar Pichai warns of “irrationality” in trillion-dollar AI investment boom

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Google’s Sundar Pichai warns of “irrationality” in trillion-dollar AI investment boom

Market concerns and Google’s position

Alphabet’s recent market performance has been driven by investor confidence in the company’s ability to compete with OpenAI’s ChatGPT, as well as its development of specialized chips for AI that can compete with Nvidia’s. Nvidia recently reached a world-first $5 trillion valuation due to making GPUs that can accelerate the matrix math at the heart of AI computations.

Despite acknowledging that no company would be immune to a…



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Google’s Sundar Pichai warns of “irrationality” in trillion-dollar AI investment boom



Google’s Sundar Pichai warns of “irrationality” in trillion-dollar AI investment boom

Market concerns and Google’s position

Alphabet’s recent market performance has been driven by investor confidence in the company’s ability to compete with OpenAI’s ChatGPT, as well as its development of specialized chips for AI that can compete with Nvidia’s. Nvidia recently reached a world-first $5 trillion valuation due to making GPUs that can accelerate the matrix math at the heart of AI computations.

Despite acknowledging that no company would be immune to a…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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