Show Notes
If you listened to our last couple of episodes, you’ll have heard some pretty skeptical takes on AI. But if you look at the stock market right now, you won’t see any trace of that skepticism. Since the launch of ChatGPT in late 2022, the chip company NVIDIA, whose chips are used in the majority of AI systems, has seen their stock shoot up by 700%. A month ago, that briefly made them the most valuable company in the world, with a market cap of more than $3.3 trillion.
And it’s not just chip companies. The S&P 500 (the index that tracks the 500 largest companies in the U.S.) is at an all-time high this year, in no small part because of the sheen of AI. And here in Canada, a new report from Microsoft claims that generative AI will add $187 billion to the domestic economy by 2030. As wild as these numbers are, they may just be the tip of the iceberg. Some researchers argue that AI will completely revolutionize our economy, leading to per capita growth rates of 30%. In case those numbers mean absolutely nothing to you, 25 years of 30% growth means we’d be a thousand times richer than we are now. It’s hard to imagine what that world would like – or how the average person fits into it. Luckily, Rana Foroohar has given this some thought. Foroohar is a global business columnist and an associate editor at The Financial Times. I wanted to have her on the show to help me work through what these wild predictions really mean and, most importantly, whether or not she thinks they’ll come to fruition.
More from Machines Like Us
This one's from The Decibel, The Globe and Mail's daily news podcast. Taylor was the guest, talking about the push to regulate AI and whether governments can keep up. We're between seasons, so we're running it here too. From The Decibel: After several reports of AI agents going rogue, calls for regulation of this technology have grown louder. And some of the people advocating for more rules are the leaders of the frontier labs themselves, like Anthropic CEO Dario Amodei. But how can governments, which tend to move slowly, regulate a technology that is changing at an increasingly quicker pace?
In early August, OpenAI hosted dozens of lifestyle creators at an upstate New York resort for a weekend they called Summer Club. There was beekeeping. There were farm-to-table dinners. And in between, there were sessions on how to use ChatGPT. The ensuing backlash was swift, especially against the female influencers. But the money pouring into AI marketing goes far beyond a luxury brand trip. Tech billionaires and super PACs are spending millions to quietly flood your social media feeds. Some have paid influencers for undisclosed deals pushing AI-positive and anti-China messaging. Others have gone so far as to fund radical anti-AI meme accounts that threaten their own CEOs – all to make their critics look unhinged. Tech and culture journalist Taylor Lorenz has spent more than a decade reporting on online creators. She’s been following the dark money behind these co-ordinated campaigns to buy up digital influence and shift the public debate around AI.
For years, the debate about AI was mostly about what it could do, whether it could write, make convincing art, or beat us at our own games. The questions now are older and harder. What makes us human? How do we find meaning? If a machine can do more of the things we thought made humans special, where does that leave us? These aren’t new questions, but rapid advances in AI have made them feel a lot more urgent. Even Pope Leo XIV chose artificial intelligence as the subject of his first encyclical. Greg Epstein, the humanist chaplain at Harvard and MIT and author of Tech Agnostic, has been asking these questions long before the machines showed up. He argues that we’re living in a moment with too much certainty, and that the most useful thing we could embrace right now might be doubt.
When Demis Hassabis co-founded DeepMind in 2010, his mission was simple: solve intelligence, then use it to solve everything else. What began as a scientific quest would eventually become a fierce global AI race.
You've probably seen one by now: a human-sized robot doing very human feats – landing a perfect backflip, racing through the streets of Beijing, or dancing in a crowd at a Knicks game. But behind these viral moments, there is serious money. Analysts predict the market for humanoid robots could be worth trillions in a matter of decades.