May 22, 2024
DeepMind CEO: Google Committing Over $100B to AGI Development

DeepMind CEO: Google Committing Over $100B to AGI Development

Google is not shying away from the challenge posed by Microsoft in the artificial intelligence sector.

Demis Hassabis, CEO of Google DeepMind, recently declared that Google expects to spend more than $100 billion on developing AGI over time.

This statement was made during a TED conference in Canada, indicating Google’s commitment to competing with Microsoft in the race to develop AGI.

The Race to AGI

Hassabis’ comments followed Microsoft’s recent discussions with OpenAI to build a $100 billion supercomputer project, known as “Stargate,” to train AI systems.

This ambitious endeavour aims to distribute a series of computers across the U.S. in five phases, culminating in the final “Stargate” system.

While Google’s exact strategy for countering Microsoft’s move remains unclear, Hassabis’ remarks signal that Google is aware of Microsoft’s pursuits and plans to invest heavily in response.

The Stakes of AGI

The stakes in the race for AGI are high. Both companies aim to develop AI systems capable of human-level intelligence across various tasks.

Such systems would be able to perform tasks similar to those an average adult human could do, given the right resources.

However, the path to AGI is uncertain. There is no scientific consensus on how to achieve AGI or whether it can be achieved using current methods.

Even among leading AI scientists, there is disagreement on the potential for AGI development.

AI and Crypto Explode in 2024

The hype surrounding AGI and cryptocurrency has seen both industries experience significant growth in 2024.

Hassabis recently compared the current AI and AGI hype cycle to the scams that have plagued the cryptocurrency market.

Bitcoin, the world’s most popular cryptocurrency, has seen its value more than double since April 2023, reaching over $60,000 per coin at the time of this article’s publication.

Similarly, Microsoft’s stock has increased significantly from $286 a share to around $416 during the same period.

As the race for AGI continues, both Google and Microsoft appear poised to invest heavily in their respective pursuits.

The future of artificial intelligence and AGI development promises to be a defining moment for both companies and the industry as a whole.

Image: Wallpaper Flare

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