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Google DeepMind CEO Demis Hassabis says some AI startups are wildly overpriced — and a correction is coming

Summary by Business Insider
Demis Hassabis says some AI startups are raising tons of money before they've built anything — and he warns a correction is likely.Jack Taylor/Getty Images for SXSW LondonGoogle DeepMind CEO Demis Hassabis says some early AI startups are raising big money.But these startups "haven't even got going yet," he said, adding that an over-correction is likely.His comments come amid growing scrutiny of soaring AI startup valuations.Demis Hassabis has a …

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Business Insider broke the news in United States on Wednesday, December 17, 2025.
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