Amid the growing excitement about generative AI, there are also mounting concerns about its potential contribution to the erosion of civil liberties. The convergence of state intelligence agencies and surveillance capitalism underscores the threat that artificial intelligence poses to the future of democracy.
LONDON – With investors pouring billions of dollars into artificial intelligence-related startups, the generative AI frenzy is beginning to look like a speculative bubble akin to the Dutch tulip mania of the 1630s and the South Sea Bubble of the early eighteenth century. And, much like those episodes, the AI boom appears headed for an inevitable bust. Instead of creating new assets, it threatens to leave behind only mountains of debt.
LONDON – With investors pouring billions of dollars into artificial intelligence-related startups, the generative AI frenzy is beginning to look like a speculative bubble akin to the Dutch tulip mania of the 1630s and the South Sea Bubble of the early eighteenth century. And, much like those episodes, the AI boom appears headed for an inevitable bust. Instead of creating new assets, it threatens to leave behind only mountains of debt.