Future in Question: How to Assess the Global AI Boom
The Project Syndicate reports that by any metric, the US – and, by implication, the world – are now in the midst of an intense AI speculative boom.
To assess whether all the investment pouring into the industry will build something useful, three questions must be addressed. In 1978, Charles Kindleberger published Manias, Panics, and Crashes, an instant classic history of investment booms and subsequent busts. Such booms can be divided between those that end up building something useful (such as a railway system in mid-19th-century Britain, the... ...
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