Squawk Pod: Davos 2026: Google DeepMind CEO Demis Hassabis - 01/24/26 | Audio Only

Summary

Demis Hassabis, co-founder and CEO of Google DeepMind, speaks with Andrew Ross Sorkin at Davos 2026 about the AI race and Alphabet's position. He says Gemini 3 leads benchmarks, Apple chose Gemini for Siri, and Google's full-stack assets, balance sheet, and existing products make it resilient whether or not an AI bubble bursts. He also argues compute demand will remain strong, warns seed-stage AI startups look frothy, and discusses AGI gaps and job-market impacts.

• Hassabis says Gemini 3 leads benchmarks and Apple's Siri deal validates model quality.
• Google is embedding Gemini across Search, the Gemini app, Gmail, and other products.
• Hassabis says Alphabet can win whether the AI bubble bursts or the bull case continues.
• He expects compute demand for training, serving, and research to remain strong.
• He calls the DeepSeek moment overblown and doubts efficiency breakthroughs remove chip demand.
• He says seed-stage AI startups with no product look frothy and unsustainable.
• He sees AI model differentiation increasing, with different models strong in different areas.
• He says job-market effects are early; new opportunities may offset disruption.