Google CEO: If an AI bubble pops, no one is getting out clean

Sundar Pichai says no company is immune if AI bubble bursts, echoing dotcom fears.

On Tuesday, Alphabet CEO Sundar Pichai warned of “irrationality” in the AI market, telling the BBC in an interview, “I think no company is going to be immune, including us.” His comments arrive as scrutiny over the state of the AI market has reached new heights, with Alphabet shares doubling in value over seven months to reach a $3.5 trillion market capitalization.

Speaking exclusively to the BBC at Google’s California headquarters, Pichai acknowledged that while AI investment growth is at an “extraordinary moment,” the industry can “overshoot” in investment cycles, as we’re seeing now. He drew comparisons to the late 1990s Internet boom, which saw early Internet company valuations surge before collapsing in 2000, leading to bankruptcies and job losses.

“We can look back at the Internet right now. There was clearly a lot of excess investment, but none of us would question whether the Internet was profound,” Pichai said. “I expect AI to be the same. So I think it’s both rational and there are elements of irrationality through a moment like this.”

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Google unveils Gemini 3 AI model and AI-first IDE called Antigravity

Google’s flagship AI model is getting its second major upgrade this year.

Google has kicked its Gemini rollout into high gear over the past year, releasing the much-improved Gemini 2.5 family and cramming various flavors of the model into Search, Gmail, and just about everything else the company makes.

Now, Google’s increasingly unavoidable AI is getting an upgrade. Gemini 3 Pro is available in a limited form today, featuring more immersive, visual outputs and fewer lies, Google says. The company also says Gemini 3 sets a new high-water mark for vibe coding, and Google is announcing a new AI-first integrated development environment (IDE) called Antigravity, which is also available today.

The first member of the Gemini 3 family

Google says the release of Gemini 3 is yet another step toward artificial general intelligence (AGI). The new version of Google’s flagship AI model has expanded simulated reasoning abilities and shows improved understanding of text, images, and video. So far, testers like it—Google’s latest LLM is once again atop the LMArena leaderboard with an ELO score of 1,501, besting Gemini 2.5 Pro by 50 points.

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Ryan Gosling must save dying stars in Project Hail Mary trailer

“The consensus here is that it would be preferable if you did not die.”

The big holiday releases are still waiting in the wings, but it’s not too soon to look forward to what’s coming in 2026. Amazon MGM Studios has released a new trailer for its forthcoming space odyssey Project Hail Mary, which is based on Andy Weir’s (The Martian) bestselling 2021 novel about an amnesiac biologist-turned-schoolteacher in space.

Weir told The New York Times that the inspiration for his novel came from a planned multi-book space opera called Zhek that he began writing after The Martian, about a potential fuel for interstellar travel. He eventually abandoned that effort and wrote the 2017 novel, Artemis, instead, but aspects of Zhek found their way into the Project Hail Mary novel.

As we’ve previously reported, Amazon MGM Studios acquired the rights for Weir’s novel before it was even published and brought on Drew Goddard to write the screenplay. (Goddard also wrote the adapted screenplay for The Martian, so he’s an excellent choice.) The studio tapped Phil Lord and Christopher Miller (Cloudy with a Chance of Meatballs, The LEGO Movie) to direct and signed on Ryan Gosling to star. Per the official premise:

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