He did not rule out that investments in the booming AI industry will lead to the emergence of a “bubble”, and “not a single company,” including Google, will be immune from the likely consequences of its collapse.
The BBC recalled the story of the stock market in the late 1990s, when the value of the first Internet companies grew, and then their shares collapsed in the early 2000s, leading to bankruptcies and job losses.
According to Pichai, much the same thing could happen with AI. He noted that artificial intelligence is “at the same time rational and at the same time there are elements of irrationality in it.”
The head of Google also warned about the “huge” energy needs of the AI sector. He acknowledged that the large energy demands of AI technologies also mean falling behind climate targets.
Pichai predicts that due to the development of AI, which he calls humanity's “most advanced technology,” the world will have to “overcome social upheaval” but that it will “create new opportunities” and “people will have to adapt.”
Context
A survey conducted in July–March by the Kyiv International Institute of Sociology showed that artificial intelligence technologies are used every day or almost every day used by 12% of Ukrainians.
According to Microsoft, the largest AI user is the United Arab Emirates. The top five also included Singapore, Norway, Ireland and France.
