"If AI did not change your life in 2025, next year it will. That is one of few forecasts that can be made with confidence in unpredictable times. This is not an invitation to believe the hype about what the technology can do today, or may one day achieve. The hype doesn't need your credence. It is puffed up enough on Silicon Valley finance to distort the global economy and fuel geopolitical rivalries, shaping your world"
"ChatGPT was launched just over three years ago and became the fastest-growing consumer app in history. Now it has about 800m weekly users. Its parent company, OpenAI, is valued at about $500bn. Sam Altman, OpenAI CEO, has negotiated an intricate and, to some eyes, suspiciously opaque network of deals with other players in the sector to build the infrastructure required for the US's AI-powered future. The value of these commitments is about $1.5tn."
AI is poised to change many lives imminently even as its current capabilities remain uncertain. Hype, amplified by Silicon Valley finance, is already distorting global economic patterns and intensifying geopolitical rivalries. ChatGPT reached roughly 800 million weekly users within three years, and OpenAI is valued near $500 billion. Complex commercial agreements have been arranged to create the infrastructure for an AI-powered future, with reported commitments around $1.5 trillion, much of it non-cash. Major firms including Alphabet, Amazon, Apple, Meta and Microsoft are investing hundreds of billions, prompting comparisons to historical speculative bubbles and debate over long-term benefits versus immediate harms.
Read at www.theguardian.com
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