CBS’s Scott Pelley asked the CEO whether he thought society is prepared for the new technology. Pichai’s response:

“There are two ways I think about it. On the one hand I feel, no, because the pace at which we can think and adapt as societal institutions, compared to the pace at which the technology’s evolving, there seems to be a mismatch. On the other hand, compared to any other technology, I’ve seen more people worried about it earlier in its life cycle. So I feel optimistic.”

Optimistic because everyone is so pessimistic.  

Google Senior Vice President James Manyika addressed fears that the technology could take jobs from people.

“Yes, there are some job occupations that’ll start to decline over time, but also new job categories that will grow over time. But the biggest change will be the jobs that will be changed. Something like more than two-thirds will have their definitions changed. Not go away, but change. Because they’re now being assisted by A.I. and automation. So this is a profound change which has implications for skills.”

Pichai also talked about the very real challenge of Bard and ChatGPT just making things up … or what those in the business call “hallucinating.” (See Will Daniel’s Fortune story here for more.)

Pelley: “Are you getting a lot of these hallucinations?”  

Pichai: “Yes, you know, which is expected. No one in the field has yet solved the hallucination problem.  All models do have this as an issue.”

Pelley: “Is it a solvable problem?”

Pichai: “It’s a matter of intense debate. I think we’ll make progress.”

Google’s early response? It has added a “Google-it” button that lets you use old-fashioned search to fact-check Bard’s creations. So maybe Google search won’t become obsolete after all.

More news below. And check out this week’s episode of Leadership Next, in which Michal Lev-Ram and I interview Alludo CEO Christa Quarles—formerly CEO of Open Table—about how her new company is empowering remote work, and how to get more women into top positions in tech. (Answer: Just do it.). You can listen on Apple or Spotify.

Alan Murray
@alansmurray
alan.murray@fortune.com

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AROUND THE WATERCOOLER

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Google’s search dominance made it complacent—until now by David Meyer

Janet Yellen says the banking meltdown could actually do the Fed’s work for it: Lower inflation without sparking a recession by Tristan Bove

Sudden wealth makes men less likely to divorce and women more likely to end their marriage by Geoff Colvin

Elon Musk’s aging Tesla sedans will soon face fresh competition from an unlikely corner by Christiaan Hetzner

This edition of CEO Daily was edited by Jackson Fordyce.