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Alphabet's Ruth Porat emphasizes that capturing AI's upside requires fortifying downside risks through investments in energy capacity and skilled trades, signaling a shift toward pragmatic infrastructure planning over pure model scaling. This perspective highlights the critical role of capital allocation and societal trust in sustaining long-term AI development for major tech players.
Alphabet’s Ruth Porat brings a pragmatic optimism to the AI race—and a warning about the possible downsides

Also: 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…
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