DeepMind CEO Says Google Will Spend More Than $100 Billion on AI

The chief of Google’s AI business said that over time the company will spend more than $100 billion developing artificial intelligence technology — another sign of the investing arms race that has gripped Silicon Valley.

Google DeepMind Chief Executive Officer Demis Hassabis was asked at a TED conference in Vancouver on Monday about a potential $100 billion supercomputer dubbed “Stargate,” being planned by Microsoft Corp. and OpenAI, according to a report in the Information last month.