Demis Hassabis, CEO and co-founder of Google DeepMind, has been awarded a knighthood by His Majesty in the U.K. for his services to artificial intelligence. This recognition comes after 15 years of leading Google DeepMind, where Hassabis has played a crucial role in advancing the field of AI and expanding the UK and global AI ecosystems. In addition to his knighthood, Hassabis has voiced concerns over the surge of funding in the AI sector, warning that it leads to hype and 'grifting' which obscures the scientific progress in the field. He compares the current state of AI funding, with VCs investing $42.5B in 2,500 AI startup equity rounds in 2023, to the hype seen in the cryptocurrency sector, emphasizing the need for a more measured approach to AI development.