Google DeepMind Chief Flags ‘Bubble-Like’ Pattern in AI Sector, Crypto Market Reacts 🤖📉💥
Google DeepMind CEO Demis Hassabis has warned of a bubble-like pattern emerging in parts of the AI industry, citing seed funding for startups lacking products or proven technology ⚠️🚀. While he remains confident that Google’s AI-driven businesses are well-positioned to weather any corrections, the warning echoes concerns from Microsoft CEO Satya Nadella, who highlighted the need for broader adoption to sustain long-term AI growth 🌐💡.
The AI-focused crypto market has responded with notable declines over the past 24 hours 📊. Tokens like ICP and VIRTUAL dropped by 3.03% and 5.22%, respectively, while TAO and NEAR held steady with minor losses. Overall, the AI token market cap slipped 0.38% to $18.7B, and trading volume fell nearly 13% 💸. A few tokens, like Story (IP), saw gains, surging 7.53%, showing that selective growth is still possible.
Experts note that AI token declines are likely influenced by broader macro factors, including no anticipated US rate cuts and upcoming Wall Street events, rather than industry warnings alone 🏦📆. The sector now faces a critical period where investor sentiment and adoption will determine its trajectory.
#AI #crypto #DeepMind #blockchains #TechInvestments
