DeepMind CEO says Google to spend more than $100B on AGI despite hype

Demis Hassabis previously compared crypto and AI, saying both had a problem with hype and scams.

Google’s not backing down from the challenge posed by Microsoft when it comes to the artificial intelligence sector. At least not according to the CEO of Google DeepMind, Demis Hassabis. 

Speaking at a TED conference in Canada, Hassabis recently went on the record saying that he expected Google to spend more than $100 billion on the development of artificial general intelligence (AGI) over time. His comments reportedly came in response to a question concerning Microsoft’s recent “Stargate” announcement.

Microsoft and OpenAI are reportedly in discussions to build a $100 billion supercomputer project for the purpose of training AI systems. According to the Intercept, a person wishing to remain anonymous, who has had direct conversations with OpenAI CEO Sam Altman and seen the initial cost estimates on the project, says it’s currently being discussed under the codename “Stargate.”

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