AI startup valuation model is breaking, warns Google’s top exec

Google DeepMind CEO Demis Hassabis warns that current AI startup valuations are unsustainable, with many early-stage companies raising billions before launching products. He believes this speculative funding trend, reminiscent of past bubbles, exposes flaws in the valuation model. Hassabis also emphasized pushing current AI scaling to its maximum as a critical path towards achieving artificial general intelligence (AGI).