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.”
Of course, Oregon could have made changes that would make it more business-friendly and raise the wealth of the entire state. It's way too late for that now.Oregonians could be looking at slower court systems, crowded prisons, fewer resources for state law enforcement investigations and decreased local grant funding for anti-theft programs under the proposed cuts public safety agencies put forward.Charging people with crimes and bringing them into prisons or the court system could also become more difficult with less public access at the Oregon Judicial Department. Staff for the department say that a $35 million dollar cut or 5% reduction in funding could reduce the courts’ ability to respond to rising caseloads and implement court security projects.
The state’s human services department is no stranger to cuts from federal uncertainty, and it’s already staring down roughly $500 million in losses every two years under new regulations from the GOP tax and spending law meant to reduce payment errors for the Supplemental Nutrition Assistance Program, or SNAP.
A 5% cut at the agency would amount to $372 million mainly through workforce reductions and paying providers and contractors less. It could result in the most vulnerable residents of the state, including children and foster families, receiving even fewer benefits.
One program on the chopping block is the Temporary Assistance for Needy Families UN program, which provides family coaching, engagement and cash assistance to families with little to no income. The proposed reductions would see the loss of benefits for about 3,200 2-parent families