Sundar Pichai doesn't see the AI race as a win-lose situation
The launch of ChatGPT set off a race among Big Tech companies and startups to scale AI, but Google CEO Sundar Pichai doesn't see it as a situation where only one player wins.
"I think all of us are going to do well in this scenario," Pichai said during an episode of the "All-In Podcast," published Friday.
Podcast host David Friedberg agreed with Pichai and said there seems to be a misconception that there's one winner "and everyone else is a loser." Friedberg said AI is introducing "an entirely new world" that's bigger than that.
Pichai's comments came after former Googler and Podcast host David Friedberg asked for his thoughts on rival companies like Microsoft, xAI, OpenAI, and Meta and their leaders. The Google CEO acknowledged that "by definition, it's a very impressive group."
"I think maybe only one of them has invited me to a dance, not the others," Pichai said, referencing Microsoft CEO Satya Nadella's comments that the "new Bing" will make Google "come out and show that they can dance."
Pichai added that he spent time with Elon Musk about two weeks ago and described the billionaire's ability to build future technologies as "unparalleled." He said that while there is competition among the companies discussed, there is also respect and partnerships.
Pichai said that AI offers a much larger "opportunity landscape" than any previous technology combined. He added that there may be companies that enter the playing field that haven't been established yet. Pichai raised the point that when the internet came out in 1983, Google hadn't even been launched as a company yet. Now, it's become the dominant search engine.
"There are companies we don't even know, haven't been started yet, their names aren't known," Pichai said, adding that those "might be extraordinarily big winners" when it comes to AI.
Pichai said that the companies that end up doing well will be those that are able to "innovate and execute with the best talent." That is what will be the driver for success, Pichai said.
Google is actively investing in that belief. Last year, the tech giant reportedly spent $2.7 billion on a deal largely intended to get AI scientist and startup founder Noam Shazeer back at the company. Other companies are following the same path: OpenAI CEO Sam Altman has directly called candidates to persuade them to join his startup.
OpenAI also poached dozens of Googlers last year, and Zuckerberg has reportedly written personal emails to AI researchers at Google's DeepMind as a recruitment attempt. Even if Pichai is right that there's room for multiple companies to win the AI race, the competition hasn't shown signs of letting up anytime soon.

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CNET
29 minutes ago
- CNET
ChatGPT Built a Budget for Me ASAP, but It Has Several Limitations
ChatGPT can help you set budget categories, spending limits and savings goals. But it still leaves much to be desired. Getty Images/Zooey Liao/CNET Artificial intelligence can help you manage your money in lots of different ways. It can show you how to cut grocery costs, save for a vacation and even negotiate your bills. But just because it can doesn't necessarily mean it succeeds. And with something as important as your finances, it's essential to know where it falls short. Last year, I asked ChatGPT to help me create a budget, a task that can be tedious and overwhelming. It was useful in some ways, but not so great in others. I tried the experiment again this year, and while I noticed minor improvements -- mainly that icons and improved formatting made the answers more visually appealing -- the overall result was still mixed. Here's how it went. Read more: How to Create and Master Your 2025 Budget Building a budget with ChatGPT These are the steps I took to test ChatGPT's budget-making abilities. 1. State your monthly income, expenses and savings goals To get started, you'll need to give ChatGPT your monthly financial numbers: take-home income, expenses and savings goals. I already have a budget I made using Rocket Money, so to see how ChatGPT builds a budget from scratch, I had it create one for a hypothetical person. My prompt: "My monthly income after taxes is $3,500. Each month, I spend $1,000 on rent, $15 on renters insurance, $100 on utilities, $300 on my car payment, $150 on car insurance, $100 on gas, $200 on my student loans, $40 on my phone bill, $300 on groceries, $100 on personal items and $100 on dining out. I'd also like to put some money toward savings." The result: Screenshot by Kelly Ernst/CNET ChatGPT ran the numbers and told me I'd have $1,095 left each month. I'd intentionally left my savings goals vague to see what ChatGPT would recommend. It suggested ways to allocate this amount toward savings, including building an emergency fund, contributing to retirement savings, paying down debt and making extra student loan payments. It also showed me how I could split my $1,095 between these savings buckets. 2. Clarify and adjust I'd also intentionally left some spending categories out of my initial prompt -- something someone creating a budget for the first time might easily do -- to see if ChatGPT would catch them. It didn't. So I asked it to help me. My prompt: "Have I missed any other common budget categories?" The result: Screenshot by Kelly Ernst/CNET ChatGPT generated a list of potential additions and asked if I wanted it to create a revised budget with placeholders for these categories. The revised budget, including estimates for savings goals and budget categories ChatGPT recommended adding, left me with $5 remaining. That's not a ton of wiggle room, but I could always ask the AI to tweak things to give me a bigger cushion. Pro tip To avoid forgetting expenses, review your bank and credit card statements from the past 12 months to spot your regular monthly, seasonal and annual expenses. 3. Import the data into a spreadsheet There are several ways to track your spending and monitor how well you're sticking to your budget, including budgeting apps and the old paper-and-pencil method. One easy -- and free -- method is to create a spreadsheet, which ChatGPT can also help you with. My prompt: "Create a Google spreadsheet for my budget." The result: ChatGPT created some code I could copy and paste into Google Sheets. Screenshot by Kelly Ernst/CNET It also provided instructions on how to format it. Screenshot by Kelly Ernst/CNET I followed these instructions, but all the data showed up in column A of the spreadsheet, and I couldn't figure out what to do next. I had to ask ChatGPT how to fix this. Screenshot by Kelly Ernst/CNET It was more work than I was hoping to do, and I still had to make some formatting changes to the spreadsheet so it was easier to read. But in the end, I did have a working budget I could adjust as needed. Pros and cons of creating a budget with ChatGPT Using ChatGPT to create a budget was fairly simple. It required some fine-tuning on my part, but overall, the AI's recommendations made sense and were easy to understand. That said, it's not for everyone, and it has its pitfalls. Here's what you should keep in mind. Pros It's free. ChatGPT doesn't cost anything, and neither does Google Sheets if you choose to move your budget numbers there. ChatGPT doesn't cost anything, and neither does Google Sheets if you choose to move your budget numbers there. You can keep it simple. ChatGPT's initial budget suggestions are basic, which can make budgeting more approachable if you're a beginner. You're free to dive deeper into any answer, but you can also use it to create a basic budget to get started. ChatGPT's initial budget suggestions are basic, which can make budgeting more approachable if you're a beginner. You're free to dive deeper into any answer, but you can also use it to create a basic budget to get started. It can help you customize your budget. ChatGPT can suggest everything from how to save on utilities to how much to put toward retirement at various ages. But you need to ask it to do so. It probably won't offer these tips unprompted. Cons Its answers are only as good as your prompts. If you don't word your prompts correctly or you provide incomplete or inaccurate information, ChatGPT's answers won't be as helpful as they could be. For instance, when I omitted some common budget categories, it identified them only when I asked it to. It didn't automatically alert me that I may have left something out. Many budgeting apps offer preset categories you can use as guidance. If you don't word your prompts correctly or you provide incomplete or inaccurate information, ChatGPT's answers won't be as helpful as they could be. For instance, when I omitted some common budget categories, it identified them only when I asked it to. It didn't automatically alert me that I may have left something out. Many budgeting apps offer preset categories you can use as guidance. It's more work on your part. Budgeting apps can import your bank account transactions, sort them into common categories and suggest monthly spending limits based on your past spending. With ChatGPT, you must enter your numbers yourself. And if you move your budget to a spreadsheet, you'll need to manually track each transaction and sort it into the right category, which can be tedious. Budgeting apps can import your bank account transactions, sort them into common categories and suggest monthly spending limits based on your past spending. With ChatGPT, you must enter your numbers yourself. And if you move your budget to a spreadsheet, you'll need to manually track each transaction and sort it into the right category, which can be tedious. It's not suitable for ongoing budget maintenance. ChatGPT can generate your budget, but it won't track your transactions. And if you want to adjust your budget categories, you'll need to do it manually on your spreadsheet or ask the bot to generate a new budget. (Thankfully, ChatGPT saves your previous chats if you're logged in, so you can ask it to tweak the information in your initial chat rather than having to enter everything all over again.) If you want ongoing help managing and maintaining your budget, you're better off with a budgeting app. ChatGPT can generate your budget, but it won't track your transactions. And if you want to adjust your budget categories, you'll need to do it manually on your spreadsheet or ask the bot to generate a new budget. (Thankfully, ChatGPT saves your previous chats if you're logged in, so you can ask it to tweak the information in your initial chat rather than having to enter everything all over again.) If you want ongoing help managing and maintaining your budget, you're better off with a budgeting app. Its answers may vary. I created a couple of budgets in ChatGPT to see how consistent its suggestions were, and its answers differed from chat to chat. If the initial answer ChatGPT gives you is confusing, seems incomplete or doesn't feel right to you, ask it to restate it. I created a couple of budgets in ChatGPT to see how consistent its suggestions were, and its answers differed from chat to chat. If the initial answer ChatGPT gives you is confusing, seems incomplete or doesn't feel right to you, ask it to restate it. Your information is not confidential. Anything you tell ChatGPT could be used to train the AI model, which means it could become publicly available. In addition, ChatGPT is susceptible to hackers and information leaks and doesn't have the security measures you'll find with reputable budgeting apps. You can disable chat history to prevent your info from being used to train the bot, but OpenAI still saves it for up to 30 days. Pro tip Don't give ChatGPT any sensitive financial details, such as your Social Security number or bank account number. If you wouldn't want to see certain personal information published online, don't enter it into your prompts. Tips for using ChatGPT to build a budget AI is powerful, but you need to know how to use it for the best results. Here are some best practices for creating a budget with ChatGPT. Double-check everything. Make sure your prompts have the correct information and that ChatGPT's answers make sense. Do the numbers add up? Do the recommendations seem reasonable? A quick Google search of your question can help you compare ChatGPT's advice against reputable sources. Make sure your prompts have the correct information and that ChatGPT's answers make sense. Do the numbers add up? Do the recommendations seem reasonable? A quick Google search of your question can help you compare ChatGPT's advice against reputable sources. Be specific. The more information the chatbot has, the more fitting its answers will be for your financial situation. Including details like your age, where you live and the hobbies you prioritize spending on can help it customize its recommendations. The more information the chatbot has, the more fitting its answers will be for your financial situation. Including details like your age, where you live and the hobbies you prioritize spending on can help it customize its recommendations. Clarify. Don't hesitate to ask ChatGPT to clarify or reword its answers. It doesn't always state information in a way that's easy to understand. Don't hesitate to ask ChatGPT to clarify or reword its answers. It doesn't always state information in a way that's easy to understand. Drill down. ChatGPT can not only help you create a budget; it can also help you stick to it. For instance, you can ask it how to reduce your phone bill, boost your income or free up more money for savings. ChatGPT can not only help you create a budget; it can also help you stick to it. For instance, you can ask it how to reduce your phone bill, boost your income or free up more money for savings. Adjust. Revisit your budget regularly to make sure it's still serving you well. If anything changes -- for example, you get a side hustle that brings in more income -- update your budget to reflect that. Verdict: Should you use ChatGPT to build a budget? While ChatGPT can help you create a budget, it has plenty of limitations, and there are easier and more effective ways to do it. If you're new to budgeting, simply Googling "basic budget" will give you lots of template ideas and tips. If you'd like more guidance, budgeting apps are designed to do a lot of the work for you and help you stick to your budget on an ongoing basis. That said, ChatGPT can help you with some of the basics you need as you tweak your budget, such as suggesting ways to trim common expenses and how much you should save each month for a particular savings goal. However, you should double-check any advice it gives you on more complex financial topics, such as how much you should put toward retirement for your personal situation. Rocket Money See at Rocket Money Perfect your 2024 budget with CNET's Editors' Choice budgeting app pick


Forbes
29 minutes ago
- Forbes
19 Future Challenges For Leaders And How To Face Them Today
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Yahoo
33 minutes ago
- Yahoo
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