Hassabis Warns AI Investment Is Becoming Bubble-like

DeepMind CEO Demis Hassabis warned at Davos on 25 January 2026 that parts of AI investment are becoming "bubble-like", while praising Google's strong, safety-focused development. He said the US leads China in frontier AI but China excels in near-term applications, highlighting geopolitical competition and differing strengths. The remarks underscore calls for cautious capital allocation and continued emphasis on safety-driven R&D across the industry.