Market concerns and Google’s position
Alphabet’s recent market performance has been driven by investor confidence in the corporate’s ability to compete with OpenAI’s ChatGPT, in addition to its development of specialised chips for AI that may compete with Nvidia’s. Nvidia recently reached a world-first $5 trillion valuation on account of making GPUs that may speed up the matrix math at the center of AI computations.
Despite acknowledging that no company can be proof against a possible AI bubble burst, Pichai argued that Google’s unique position gives it a bonus. He told the BBC that the corporate owns what he called a “full stack” of technologies, from chips to YouTube data to models and frontier science research. This integrated approach, he suggested, would help the corporate weather any market turbulence higher than competitors.
Pichai also told the BBC that individuals mustn’t “blindly trust” all the pieces AI tools output. The corporate currently faces repeated accuracy concerns about a few of its AI models. Pichai said that while AI tools are helpful “if you need to creatively write something,” people “should learn to make use of these tools for what they’re good at and never blindly trust all the pieces they are saying.”
Within the BBC interview, the Google boss also addressed the “immense” energy needs of AI, acknowledging that the intensive energy requirements of expanding AI ventures have caused slippage on Alphabet’s climate targets. Nonetheless, Pichai insisted that the corporate still wants to attain net zero by 2030 through investments in recent energy technologies. “The speed at which we were hoping to make progress will probably be impacted,” Pichai said, warning that constraining an economy based on energy “could have consequences.”
Even with the warnings a few potential AI bubble, Pichai didn’t miss his likelihood to advertise the technology, albeit with a touch of danger regarding its widespread impact. Pichai described AI as “probably the most profound technology” humankind has worked on.
“We could have to work through societal disruptions,” he said, adding that the technology would “create recent opportunities” and “evolve and transition certain jobs.” He said individuals who adapt to AI tools “will do higher” of their professions, whatever field they work in.
