This is a sharp look at how capital is shaping the AI boom.
I write about these dynamics too, and I keep seeing how the field expands once you move beyond the US market.
China combines open releases with state backed energy and chip projects, BRICS countries test their own paths, and supply chains from Taiwan to Africa feed the stack. The AI economy spans capital, compute, data and policy across the globe.
I realize it's not a valid 'argumentum ad verecundiam', but I was convinced by your using Blake's 'The Four and Twenty Elders' as your opening statement ... thanks!!
Why do you think you're qualified to write about this topic? From what I can tell, you don't have a tech background. Maybe I missed it; maybe you're keynoting NeurIPS or AAAI. Maybe your writings have successfully passed peer review. But you seem like nothing more than a talking head. Sorry to say this, but there are way too many of you who really have no idea what's going on in AI -- but think they do. Like Ian Bremmer. Anyway, put on your clown hat and go about your business. Hey, I'm all for free speech.
BTW, if it's a bubble here, is it a bubble everywhere else? Or, why is it only a bubble here?
What's your real aim, to slow down AI development in the West? I really don't know.
Anyway, I enjoyed this article -- as flawed as it is. But I'll stick to what I said: those who know nothing about AI shouldn't talk about it.
More cold water. The Goldman Sachs report included an interview with Acemoglu in addition to Covello. Acemoglu subsequently published the following analysis:
So, what happens when the bubble bursts. You say equity firms are insulated from harm (how?) but investment banks (and I assume people’s 401Ks) are not. Is it just that a lot of paper cash in Microsoft’s, Google’s, and Facebook’s vaults disappear? (… and I assume more of their employees get laid off).
I don’t think I said equity firms are protected, do you mean the section where I’m summarizing Thompson’s piece? As to what happens, next piece will explore that more!
Looking back, it was in the quote from *The Economist*. The phrase jumped out at me, but I forgot the context (and had 1% left on my battery, so I was composing in haste).
the ai economy: https://x.com/melip0ne/status/1120503955526750208
lol might steal this one
This is a sharp look at how capital is shaping the AI boom.
I write about these dynamics too, and I keep seeing how the field expands once you move beyond the US market.
China combines open releases with state backed energy and chip projects, BRICS countries test their own paths, and supply chains from Taiwan to Africa feed the stack. The AI economy spans capital, compute, data and policy across the globe.
I realize it's not a valid 'argumentum ad verecundiam', but I was convinced by your using Blake's 'The Four and Twenty Elders' as your opening statement ... thanks!!
Imagine all the better futures we could build with this money instead of just lighting it on fire/ turning it into fascist surveillance ad tech
Why do you think you're qualified to write about this topic? From what I can tell, you don't have a tech background. Maybe I missed it; maybe you're keynoting NeurIPS or AAAI. Maybe your writings have successfully passed peer review. But you seem like nothing more than a talking head. Sorry to say this, but there are way too many of you who really have no idea what's going on in AI -- but think they do. Like Ian Bremmer. Anyway, put on your clown hat and go about your business. Hey, I'm all for free speech.
BTW, if it's a bubble here, is it a bubble everywhere else? Or, why is it only a bubble here?
What's your real aim, to slow down AI development in the West? I really don't know.
Anyway, I enjoyed this article -- as flawed as it is. But I'll stick to what I said: those who know nothing about AI shouldn't talk about it.
And I enjoyed the screed, flawed as it is!
More cold water. The Goldman Sachs report included an interview with Acemoglu in addition to Covello. Acemoglu subsequently published the following analysis:
Acemoglu, Daron. 2025. “The Simple Macroeconomics of AI.” Economic Policy 40 (121): 13–58. https://doi.org/10.1093/epolic/eiae042
So, what happens when the bubble bursts. You say equity firms are insulated from harm (how?) but investment banks (and I assume people’s 401Ks) are not. Is it just that a lot of paper cash in Microsoft’s, Google’s, and Facebook’s vaults disappear? (… and I assume more of their employees get laid off).
I don’t think I said equity firms are protected, do you mean the section where I’m summarizing Thompson’s piece? As to what happens, next piece will explore that more!
Looking back, it was in the quote from *The Economist*. The phrase jumped out at me, but I forgot the context (and had 1% left on my battery, so I was composing in haste).