DeepMind CEO Says Google Will Spend $100 Billion on AI

The CEO of Google’s AI division DeepMind Demis Hassabis expects the company would spend over $100 billion on AI. He indicated it would surpass the figure though also noted he didn’t want to discuss the company’s specific numbers.

The statement about Google’s predicted total spending on the technology came in response to a question on a reported $100 billion supercomputer cluster plan reportedly in the works by Microsoft and OpenAI. Dubbed Stargate, news of the Microsoft project was reported last month and is the latest signal Big Tech is not toning down its spending on AI anytime soon.

Hassabis is one of the pioneers of the AI industry and co-founded DeepMind, the start-up bought by Google in 2014. During his keynote speech at MWC Barcelona 2024, the expert highlighted the much-hyped technology has already done plenty of good in areas such as medical research. However, he acknowledged in the field of generative AI there is still work to do before it will reach its true potential.