Google DeepMind chief Sir Demis Hassabis has warned that exuberance in parts of the AI industry looks increasingly “bubble-like”, while arguing that its scale and technology leave the Big Tech group well placed for any potential reckoning.
The British Nobel laureate told the FT that the level of investment in some parts of the tech industry had become detached from commercial realities.
“Multibillion-dollar seed rounds in new start-ups that don’t have a product or technology or anything yet do seem a little bit unsustainable,” he said at the World Economic Forum in Davos this week, adding this may lead to “corrections in some parts of the market”.
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