Google CEO Expresses Caution Amid AI Market Frenzy
Alphabet CEO Sundar Pichai voiced measured Optimism about the AI boom during a BBC interview, acknowledging both its transformative potential and concerning market dynamics. The tech executive drew parallels to dotcom-era irrational exuberance as AI stocks like Google parent Alphabet surge—up 46% year-to-date on ChatGPT competition hype.
Regulators on both sides of the Atlantic are scrutinizing inflated valuations, with some analysts warning of bubble risks while others dismiss systemic concerns. Pichai conceded no company WOULD emerge unscathed from a potential crash, though Alphabet's £5 billion UK AI investment—including DeepMind expansion—signals long-term commitment to the space.