Warning against the artificial intelligence boom, Google CEO Sundar Pichai said that if it collapses, no company would remain unscathed. Talking to the BBC, the IITian technocrat said that the current wave of AI investment was an "extraordinary moment." Acknowledging that there are "elements of irrationality" in the market, he warned of "irrational exuberance" like that experienced during the dotcom era. Expressing the confidence that Google could weather the storm, he said, "I think no company is going to be immune, including us." This is significant considering the fact that Google's parent company, Alphabet, surged on the stock market and its shares registered an increase of 60% in price. This was because the investors bet on its ability to compete with ChatGPT-maker OpenAI.

Alphabet A

See Full Page