DeepMind CEO Demis Hassabis Speaks on Google’s Potential $100 Billion AI Investment

  • Editor
  • April 16, 2024
    Updated
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Google’s venture into Artificial Intelligence (AI) is poised to escalate, with potential spending anticipated to surpass $100 billion, according to DeepMind CEO Demis Hassabis. This statement was made at a recent TED Conference in Vancouver, where Hassabis addressed the massive scale of Google’s AI ambitions.

The conversation around AI investments has intensified following Microsoft and OpenAI’s announcement of their “Stargate” AI supercomputer project, which also carries a hefty $100 billion price tag. Responding to inquiries about this rival project, Hassabis hinted that Google might be gearing up to outpace this figure significantly over time.

We don’t talk about our specific numbers, but I think we’re investing more than that over time.

He stated, as reported by Bloomberg News.

DeepMind, which Google acquired in 2014, has been at the forefront of AI research, particularly in the development of technologies aiming at achieving artificial general intelligence (AGI) – an AI that could outperform human intelligence. Hassabis reflected on the synergy between DeepMind’s vision and Google’s resources, noting,

That’s one of the reasons we teamed up with Google back in 2014, is we knew that in order to get to AGI we would need a lot of compute.

People also seem to take his words quite seriously,

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He also highlighted Google’s superior computing power over competitors like Microsoft, which has been a crucial factor in their ongoing AI developments. This computational edge has ostensibly enabled Google to advance significantly in the AI space.

The excitement and curiosity around AI technologies have surged, particularly following the public’s warm reception to OpenAI’s ChatGPT model. Hassabis pointed out that this interest demonstrates the readiness of the public for advanced AI technologies, even though these systems can still occasionally falter.

Industry experts are watching closely as tech giants like Google and Microsoft escalate their investments in AI. This technological race is expected to revolutionize several sectors, including personalized marketing and supply chain optimization. However, the rapid advancement in AI also prompts considerations about its impact on employment and existing industries.

Jiahao Sun, CEO of FLock.io, emphasized the need to assess the broader implications of AI on jobs.

As AI becomes more integrated into various sectors, we must consider its potential to automate roles traditionally performed by humans, in fields as diverse as manufacturing and healthcare.

He mentioned in a discussion on the topic.

Similarly, the potential scarcity of AI chips due to massive projects like Stargate could drive up prices and limit access to necessary technology, as pointed out by Moshe Tanach, CEO of NeuReality. Yet, he remains optimistic about the beneficial ripple effects such large-scale investments could have on innovation and consumer-focused AI applications.

For more AI News visit allaboutai.com

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Dave Andre

Editor

Digital marketing enthusiast by day, nature wanderer by dusk. Dave Andre blends two decades of AI and SaaS expertise into impactful strategies for SMEs. His weekends? Lost in books on tech trends and rejuvenating on scenic trails.

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