Google CEO: If an AI bubble pops, no one is getting out clean

Alphabet CEO Sundar Pichai cautioned about potential irrationality in the AI market, drawing parallels to the late 1990s Internet boom and subsequent bust. He acknowledged the current extraordinary growth in AI investment but warned of potential overshooting. Pichai's remarks come as scrutiny over the AI market intensifies, with concerns raised about a web of $1.4 trillion in deals surrounding Google competitor OpenAI. Critics, including OpenAI CEO Sam Altman, have expressed skepticism about the exuberance in AI investment, with some predicting significant financial losses ahead. Prominent AI industry critic Ed Zitron noted the need for caution in light of Pichai's warnings, suggesting that others may also become more circumspect about the current state of AI investment.