Google AI spending could exceed $100 billion.

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Google’s A top AI executive says company spending on the technology will exceed $100 billion.

Speaking at the TED conference in Vancouver on Monday (April 15), Deep Mind CEO Dimes Haskabis Asked about the recent reports of Microsoft and OpenAI’s planned artificial intelligence (AI) supercomputer Known as “Stargate”. It is said to cost $100 billion.

“We don’t talk about our specific numbers, but I think we are. More investment than that Over time,” said Hasabis, whose comments were reported by Bloomberg News.

Hasabis, who co-founded DeepMind in 2010 before it was bought by Google four years later, did not provide further details about the potential AI investment, the report said. He also told the audience that Google’s computing power is greater than that of competitors such as Microsoft.

“That’s one of the reasons we worked with Google in 2014, is we knew we would need a lot of computation to get to AGI,” he said, referring to artificial general intelligence, or AI. said It surpasses the intelligence of humans..

“This is what happened,” he said. “And Google had and still has the most computers.”

Hasabis added that the massive interest sparked by OpenAI’s ChatGPT AI model shows that the public is ready for the technology, even if the AI ​​system still suffers from errors.

As PYMNTS wrote earlier this month, the “Stargate” project highlights the growing role of AI in driving and determining innovation. The future of trade. Experts believe that as tech companies invest heavily in AI research and infrastructure, the creation of sophisticated AI systems could revolutionize areas such as personalized marketing and supply chain optimization.

“It is important to consider the potential impact on jobs and the workforce,” Jihao Sunon Founder and CEO FLlock.iosaid in an interview with PYMNTS, a platform for decentralized AI models.

“As AI becomes more multimodal and integrated into commerce, it can automate industries that currently cannot be easily transitioned to a “chatbot” interface, such as manufacturing, healthcare, maintenance, sports coaching etc.”

Microsoft and OpenAI could create a $100 billion project. AI chips More rare, leading to price hikes and limited access to hardware, leaving more businesses and governments behind, CEO and co-founder of AI company NeuReality Moshe Tanach told PYMNTS, while adding that projects like Stargate will drive trade in the short term.

“Installed hardware will fuel more AI projects, features and use cases, which Microsoft will offer at affordable prices, with secondary use cases built on this accessible AI technology for consumers,” Tanch said. will create innovation towards.”

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