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Could AI simultaneously be an extraordinarily powerful technology and an economic bubble, and why would those possibilities not contradict each other? What does the history of the internet bubble suggest about the comforting idea that a financial crash would make AI itself go away? How should we think about the enormous investments flowing between AI companies, chipmakers, and data centers, and could their financial risks become dangerously correlated? Are concerns about AI's energy use justified, while claims about its water consumption are sometimes missing the relevant denominator? What do the boosters get right about abundance, productivity, medicine, and education, and what do they overlook about democratic control and human agency? Could a frictionless AI mediated life make people less capable through what has been called cognitive surrender? What would it mean to stop the race to build universal labor replacing machines while continuing to develop forms of AI that solve genuinely valuable problems?

Garrison Lovely is a freelance journalist and author. His writing on artificial intelligence and its political economy has appeared in The New York Times, The Nation, Jacobin, Nature, Bloomberg, BBC, TIME, The Guardian, The Verge, and other publications; he was previously a Reporter in Residence at the Omidyar Network.

Links:

Garrison's Book: Obsolete: The AI Industry’s Trillion Dollar Race to Replace Us―and How to Stop It

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