Alphabet CEO Sundar Pichai warned that no company, including Google, is insulated if today’s AI boom turns into a bust, even as he said the technology’s long-term trajectory remains sound. In an interview with the BBC, Pichai acknowledged “elements of irrationality” around soaring AI valuations and a complex web of deals—echoing 1990s-style exuberance—while arguing Alphabet’s full-stack approach across chips, data, and models positions it to ride out volatility. Pichai said Alphabet will expand UK AI investments, including model training, but cautioned that AI’s “immense” power needs are straining energy infrastructure and slowing progress toward 2030 climate goals. He predicted AI will reshape work across professions, rewarding those who adapt to new tools.
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