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Google's AI chief set to invest USD 100 billion in AI development to stay ahead of rivals

The AI sector is significantly growing, with investments projected to surge further. OpenAI and Microsoft are very much focused on initiating the constructing of 'Stargate' supercomputer which will highlight the dedication of the industry wit hAI capabilities.

Written By: Saumya Nigam @snigam04 New Delhi Published on: April 18, 2024 16:38 IST
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Image Source : FILE Google

When we speak of artificial intelligence (AI), everything is about a smart working ecosystem along with a lot of money. This indeed is a booming segment which has been driving almost all the leading industries of the world as everyone is racing towards being faster in the segment. Recently, it was reported that Google, along with Microsoft and OpenAI, running in the race to develop advanced AI technologies. 

As per Google's AI boss, the company is set to invest more than USD 100 billion in AI development and further aim at maintaining its edge over competitors.

Multiple quests related to AI dominance have turned into a financial arm for race, with tech behemoths which are pouring massive sums into AI research and development. Several rumours have surfaced about Microsoft and OpenAI collaborating on a USD 100 billion supercomputer project which will be called ‘Stargate’,.

Stargate will be aiming at propelling OpenAI's AI advancements and it will be responding to the inquiries about this competition. Demis Hassabis, head of DeepMind- Google's AI research lab has disclosed that Google's investment will surpass its rivals- but specific figures are yet to be disclosed.

Rising costs of AI development

The skyrocketing investment in artificial intelligence has reflected the surge in the AI ecosystem development across industries. AI startups are said to alone grown to around USD 50 billion in 2023, which has signalled the growing need and requirement for AI innovation. 

However, the pursuit of Artificial General Intelligence (AGI) – AI capable of human-like reasoning – will come at a steep price and will be developing advanced AI models like Google's LLM and OpenAI's GPT series that demand substantial financial resources, and will cost which will escalate over time.

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Image Source : FILEAI

About investment allocation

A significant portion of Google's investment is expected to be directed towards chip development, which has been designed to specialize chips which will enable the companies to optimize computing power for training AI models. 

However, Google and other tech leaders are currently relying on third-party chip manufacturers like Nvidia. However, they are reportedly increasingly shifting towards in-house chip design to enhance control and efficiency.

Escalating training costs

The costs which are associated with training the AI models have also surged. 

Stanford University's AI index report has revealed that OpenAI's GPT-4 required around USD 78 million worth of computing power for training, a significant jump from the USD 4.3 million spent on GPT-3 in 2020. 

Similarly, Google's Gemini Ultra incurred USD 191 million in training costs. This will exponentially increase the underscores of the growing complexity and resource requirements of AI development.

Future outlook

Looking ahead, the AI industry is poised for further expansion, with investments expected to continue rising. OpenAI and Microsoft's ambitious plan to build the ‘Stargate’ supercomputer signifies the industry's commitment to pushing the boundaries of AI capabilities. 

As the race for AI supremacy intensifies, the tech giant will spare no expense in their quest for innovation and dominance in the AI landscape.

ALSO READ: Semiconductor chips as key drivers of innovation across tech, healthcare, and other Industries: Report

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