Google DeepMind CEO Discusses China's AI Development Lagging Six Months Behind
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: seekingalpha
- AI Development Lag: DeepMind CEO Demis Hassabis stated that China is approximately six months behind the West in AI development, indicating that while they excel at catching up to the frontier, they have yet to demonstrate the ability to innovate beyond it, which could impact China's position in global tech competition.
- National Security Concerns: Anthropic CEO Dario Amodei highlighted that the U.S. government's decision to allow AI chips to be shipped to China carries 'incredible national security implications,' likening it to selling nuclear weapons to North Korea, which could pose threats to the U.S. and its allies.
- Vocational Skills and Immigration: Palantir CEO Alex Karp believes that the advancement of AI will reduce the need for large-scale immigration, especially for workers with vocational skills, as there will be enough job opportunities for citizens, potentially reshaping the labor market.
- Vulnerability of White-Collar Workers: Karp also noted that AI will make vocational workers more valuable, if not irreplaceable, while 'elite' white-collar workers may face greater job disruption risks, which could affect the employment outlook for high-skilled talent.
Analyst Views on GOOG
Wall Street analysts forecast GOOG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GOOG is 336.08 USD with a low forecast of 255.00 USD and a high forecast of 400.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 330.340
Low
255.00
Averages
336.08
High
400.00
Current: 330.340
Low
255.00
Averages
336.08
High
400.00
About GOOG
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.





