Google DeepMind CEO Demis Hassabis warned that there is a “bubble” in the AI financing frenzy, especially among early-stage, overvalued startups. Hassabis stressed that some AI startups “basically haven't started operations yet” but “received tens of billions of dollars of valuation as soon as they went up,” and this situation may not be sustainable. He added that artificial intelligence is “overhyped in the short term” but “still hasn't received enough attention in the medium to long term.”

Google DeepMind CEO Demis Hassabis warned that there is a “bubble” in the AI financing frenzy, especially among early-stage, overvalued startups. Hassabis stressed that some AI startups “basically haven't started operations yet” but “received tens of billions of dollars of valuation as soon as they went up,” and this situation may not be sustainable. He added that artificial intelligence is “overhyped in the short term” but “still hasn't received enough attention in the medium to long term.”