But like the others, he believes his company is positioned to come out on the other side stronger. And like the others, he compares the current moment’s AI spending to the “excess investment” of the earlier internet that ultimately led to the dot-com bubble. While there were huge losses, the technology changed the world and is integral to how it works today.
“Given the potential of this technology, the excitement is very rational,” Pichai told the BBC. “It’s also true when we go through these investment cycles there are moments where we all shoot collectively as an industry.”
“There are elements of irrationality through a moment like this.”
But like the others, he believes his company is positioned to come out on the other side stronger. And like the others, he compares the current moment’s AI spending to the “excess investment” of the earlier internet that ultimately led to the dot-com bubble. While there were huge losses, the technology changed the world and is integral to how it works today.
“Given the potential of this technology, the excitement is very rational,” Pichai told the BBC. “It’s also true when we go through these investment cycles there are moments where we all shoot collectively as an industry.”
“There are elements of irrationality through a moment like this.”
