Google's AI division, led by DeepMind CEO Demis Hassabis, has announced plans to spend over $100 billion on AI technology development. This investment is part of a broader trend in Silicon Valley, where tech giants like Meta, Amazon, and Microsoft are collectively expected to allocate around $400 billion in capital expenditures towards AI advancements. Hassabis highlighted the necessity of substantial computational resources to achieve AGI, noting Google's leading position in computational capabilities. The investment underscores the ongoing technological arms race and the significant financial commitments companies are making in the AI field, attracting CapEx Receivers and countering Cathie Wood's assertions of a semiconductor bubble.
DeepMind CEO Says Google Will Spend More Than $100 Billion on AI https://t.co/90jbZJlf4C
$GOOGL (-0.2% pre) DeepMind CEO Says $GOOG Google Will Spend More Than $100 Billion on AI - BBG https://t.co/QOupwdfDCJ
BBG: Google to Spend $100 Bn on AI Across Meta, Amazon, Google, and Microsoft that’s $400 Bn in CapEx spend This is why we love CapEx Receivers. It’s also why we don’t have a bubble in semiconductors despite Cathie Wood’s assertions Excerpt: Google DeepMind Chief Executive… https://t.co/0CZx0cRIRI https://t.co/sG4sCTVwTF
Deepmind's Demis Hassabis at TED tonight When asked about Microsoft + OpenAI spending $100B to train their next model: "Google will have spent more than that over time. To get to AGI, you need a lot of compute. Google still has the most compute." "With protein folding, we did… https://t.co/dN1kmIMHqn
The chief of Google’s AI business said that over time the company will spend more than $100 billion developing AI technology — another sign of the investing arms race that has gripped Silicon Valley https://t.co/MizdBuuEsV