00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Money is flowing into artificial intelligence startups,
00:05even when companies have little more than a pitch deck and no revenue.
00:10Google DeepMind co-founder and CEO Demiz Hassabis questioned how some early stage AI
00:15startups are reaching multi-billion dollar valuations, calling parts of the market likely
00:20unsustainable. Speaking on Google DeepMind, the podcast, Hassabis said some startups have
00:26barely started operations while securing massive funding rounds. He contrasted that trend with
00:31capital flowing into large technology firms that are investing in AI infrastructure and
00:35operations. Hassabis said established companies have real business supporting their valuations.
00:42He repeated his view that AI is overhyped in the short term and underappreciated over longer horizons.
00:49Hassabis said artificial intelligence moved from being widely dismissed to becoming a dominant
00:54focus in business, reflecting a sharp shift in market sentiment. He said that rapid change can
01:00drive valuations higher quickly and is often followed by an overcorrection when expectations
01:05outpace reality. For all things money, visit Benzinga.com.
Comments