Google CEO Sundar Pichai says 'AI shift' opens opportunities to invest in startups

Google CEO Sundar Pichai stated that the rapid growth of AI has created opportunities for Alphabet to invest billions of dollars in AI startups like Anthropic and other companies. Alphabet is moving away from traditional venture capital routes and instead making large direct investments from its own balance sheet, similar to how other major tech companies like Nvidia and Microsoft are operating. Pichai emphasized that the company wants to be a responsible steward of capital by investing in ventures with strong returns.