Google DeepMind CEO on state of the AI race, push towards AGI and AI impact on jobs

Summary

Google DeepMind CEO Demis Hassabis joins Squawk Box to discuss Gemini's evolution, its integration across Google products, the path to AGI, the AI bubble debate, compute demand, and AI's impact on jobs. He says Gemini 3 is topping benchmarks and expanding into Gmail and other surfaces, while arguing that compute needs remain strong and dismissing the DeepSeek moment as overblown. He also cautions that some early-stage AI startups look frothy and that AGI still needs major breakthroughs.

• Demis Hassabis says Gemini 3 is topping most leaderboards and being integrated across Google's product surfaces.
• Gemini is already in Search and the Gemini app, with Gmail integration expected this year.
• Hassabis believes compute demand remains strong and the DeepSeek moment was overblown.
• He says some parts of the AI industry, especially early-stage startups, may be in a bubble.
• He sees no real evidence yet of AI changing the job market but expects new creator opportunities.
• He says full AGI still requires breakthroughs in continual learning, creativity, planning, and reasoning.