Alphabet’s Ruth Porat brings a pragmatic optimism to the AI race—and a warning about the possible downsides
Source: Fortune ·
Also: All the news and watercooler chat from Fortune.
From the source
In today’s CEO Daily: Dispatches from the Most Powerful Women Summit The big leadership story: More than half of all U.S. work hours might be automated by 2035 The markets: More frantic selling in Asia as chip stocks nosedive Plus: All the news and watercooler chat from Fortune. Good morning from Santa Barbara, where we’re on Day 2 of the Fortune Most Powerful Women Summit. We’re talking with leaders here about leadership, healthcare, geopolitics, media trends, trust, the next era of wealth—and of course AI. Here are a few highlights from conversations so far. On AI: Ruth Porat, president and chief investment officer of Google and Alphabet, brought a pragmatic optimism to a conversation dominated by guys who don’t get out much. Porat represents one of the biggest players in the AI race and told Fortune editor-in-chief Alyson Shontell that Alphabet will spend about $200 billion this year to build out capacity and even more in 2027, saying “we do see this as an opportunity that extends…