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CEO of Google DeepMind Says AI Industry Full of Hype and Grifters

April 11, 2024
In a striking critique shared with The Financial Times, Demis Hassibis, CEO of Google DeepMind, compares the current "gold rush" in AI investment to the prior hype seen in the cryptocurrency arena, warning of an influx of hype and potential misconduct. Hassibis acknowledges the significant innovations and potential within the AI field but cautions that the excessive hype could overshadow meaningful research and development. He highlights concerns over the rapid and sometimes reckless funding of AI startups, which may not only divert attention from genuine advancements but also risks leading to a bubble similar to what was observed in the cryptocurrency market. Despite these challenges, Hassibis remains optimistic about AI's capability to drive forward scientific and technological breakthroughs, emphasizing the importance of discerning funding and focus to ensure that AI's true potential can be realized without succumbing to the pitfalls of overhype and speculation.
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