AI has a cargo cult problem
Spending vast sums and inflating an investment bubble is no guarantee of unleashing technological magic
Spending vast sums and inflating an investment bubble is no guarantee of unleashing technological magic

How much AI is the market willing to finance?

There is a distinction between good investment and bad speculation — the likelihood is we are experiencing both

Companies such as OpenAI are running what amounts to a giant social experiment

Not knowing whether art originated in someone’s heart or a data centre is a major enjoyment-killer

Modern-day Luddites are gaining ground because tech titans haven’t shown people how innovation will improve their lives

The hope (and hype) is as powerful as ever but it is hard to see where the needed revenues will come from