AI’s main impact won’t be a revolutionary new economic system. It will be a shift in power and wealth towards those who control AI resources, higher prices for everyone else, and, if nothing is done to prevent it, grave social problems.
The name of the game is cash + experimentation.
Quick summary Given our decade-long experience using AI as part of how we serve clients,[1] we’ve been getting questions about the nature of AI and how it is likely to impact us. So we’ve written this trilogy of articles to explain the why, the how, and what to do about it as a CEO. Part […]
Will AI achieve general intelligence? Is there any limit to what AI can achieve?
We will see that considerations from the fields of mathematics, philosophy of mind, and technology each impose some provable limits to the capabilities of AI and how close these capabilities can come to true intelligence.
We will also find that, paradoxically, this increases rather than decreases the probability of humans ending up in servitude to AI.
We have all heard about China’s ghost towns: massive real-estate developments that remain empty, funded by over-eager municipalities. A classic case of wasted resources.
Binhai New Area is one of them. But something strange is happening in Binhai: recently, real-estate prices have been booming, much more than those in more desirable areas […]
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The prevailing wisdom tells us that China would not be able to grow as fast without high levels of pollution. Is this truly the case? The reality is nuanced and full of surprises […]
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Certain sectors of China’s economy are experiencing massive capacity gluts. Yet in order to stimulate the economy, the government still seeks to encourage capacity. The economic impact is expected to be […]
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