Alphabet CEO Sundar Pichai has cautioned about potential irrationality in the AI market, likening it to the dot-com bubble. He highlighted the significant energy costs associated with AI development, which could affect Alphabet's climate objectives. In related developments, Databricks is reportedly pursuing new funding that could elevate its valuation to $130 billion. Additionally, investor Michael Burry has taken a short position against AI leaders Nvidia and Palantir, anticipating a market correction. Following these announcements, both companies experienced a decline in their stock prices.