CAVEANT CONSULES...
(Remember Richard Feynman's book about computing?
The one that put _energy_ at the center.
Written some 40 (forty) years ago.)
«In comments echoing those made by US Federal Reserve chairman Alan Greenspan in 1996, warning of "irrational exuberance" in the market well ahead of the dotcom crash, Mr Pichai said the industry can "overshoot" in investment cycles like this."
...
I expect AI to be the same. So I think it's both rational and there are elements of irrationality through a moment like this."
His comments follow a warning from Jamie Dimon, the boss of US bank JP Morgan, who told the BBC last month that investment in AI would pay off, but some of the money poured into the industry would "probably be lost".»
...
«However, he also warned about the "immense" energy needs of AI, which made up 1.5% of the world's electricity consumption last year, according to the International Energy Agency.»
BBC:
Google boss says trillion-dollar AI investment boom has 'elements of irrationality'
<https://www.bbc.com/news/articles/cwy7vrd8k4eo>
