Google CEO Warns Of AI Market Bubble Echoing Dot Com Era Concerns

In an interview with BBC News, Alphabet and Google CEO Sundar Pichai stated that while AI has experienced "extraordinary" growth, there is "irrationality" in that growth, and that "no company is going to be immune" should it prove to be a bubble soon to burst. In face of an industry bullishly championing AI solutions and rounding up astronomical investments (in each other, mostly), this comment from Sundar Pichai is surprisingly frank, and speaks to a growing uneasiness around the potential ramifications of AI being a bubble ready to burst. NVIDIA CEO Jensen Huang, of course, "doesn't believe" we're in an AI bubble, but NVIDIA is also blatantly benefiting more from it than any other company, being the first in history to reach a $5 trillion USD valuation in the stock market.

Outside of those directly invested in AI or companies utilizing its technologies, we've also documented a ...