Google’s CEO warned that the current surge in artificial intelligence investment appears overheated, describing parts of the market as “irrational.” He noted that the scale and speed of AI spending is unprecedented but cautioned that if the bubble bursts, no major technology company – including Google – would be shielded from the fallout.
Anthropic’s CEO offered a parallel warning on the labor front, stating that AI could eliminate up to half of all entry-level office roles within the next one to five years. He estimated that the resulting disruption could push unemployment into the 10–20% range without meaningful preparation.
Together, the remarks highlight growing concern that the rapid acceleration of AI adoption may trigger both financial instability and significant labor displacement, pressuring governments and employers to prepare for a more turbulent adjustment period.