As artificial intelligence (AI) becomes the new buzzword, Google (GOOGL) and Alphabet’s CEO Sundar Pichai warned in an interview with CBS’s 60 Minutes that it would not be for a “company to decide” how AI would be regulated.
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Pichai commented, “There has to be regulation. You’re going to need laws…there have to be consequences for creating deep-fake videos, which cause harm to society.” Furthermore, the CEO stated that the rapid development of AI is likely to impact “every product of every company” and society needs to adapt to it.
The rapid progress of AI has raised concerns about its consequences of it which prompted academics and critics including Elon Musk and Steve Wozniak to call for a pause in training “experiments” connected to large language models that were “more powerful than GPT-4.”
Google launched its AI chatbot Bard as an experimental product last month. This announcement followed Microsoft’s (MSFT) announcement that its search engine Bing would include OpenAI’s GPT technology. The ChatGPT chatbot has taken the Internet by storm.
GOOGL stock has a consensus rating of Strong Buy based on 29 unanimous Buys.
