Sundar Pichai announces $120 million ‘Global AI Opportunity Fund’
Alphabet and Google CEO Sundar Pichai has announced a $120 million ‘Global AI Opportunity Fund’ at the UN Summit of the Future in the US.
Facing an anti-trust probe from the US government, Google CEO Sundar Pichai has cautioned against those who may want to regulate the tech giants “for the sake of regulating.”
In an interview with CNN Business, Pichai said his company had gone through similar situations in Europe, so the probe wasn’t a surprise for them. “For some of the other companies, maybe the scrutiny is newer,” Pichai said on Friday.
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“Scrutiny is right, and we will participate constructively in these discussions,” he said and added: “I worry that if you regulate for the sake of regulating it, it has a lot of unintended consequences.”
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According to media reports, the US Department of Justice is preparing to open a case against Google for potential anti-trust violations.
The news comes amid the debate on whether large technology companies like Facebook should be broken up.
On an anti-trust complaint from the European Commission regarding ranking of shopping search results and ads in 2010, Google was fined $2.7 billion in 2017.
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