Demis Hassabis, the CEO of Google DeepMind, has sounded the alarm about a bubble phenomenon in the realm of AI financing. This issue is particularly pronounced among early-stage startups that boast soaring valuations. Some AI startups, which haven't even embarked on actual business operations, have been bestowed with valuations reaching tens of billions of dollars during the seed - funding phase. Such a valuation level is, without a doubt, unsustainable. Hassabis also highlighted that although there's an over - hype issue surrounding AI technology in the short run, when we look at it from a medium - to long - term perspective, its strategic value is yet to be fully acknowledged.
