The artificial intelligence revolution over the past two years has been a gift to investors. It gripped a clutch of winner-takes-all stocks and catapulted them higher, creating multitrillion-dollar companies and padding out portfolios. With so much at stake, it is natural to wonder whether this will all end in tears. The echoes of the dotcom bust at the turn of this century are strong, and having so much riding on such a small clique of companies — Nvidia, Microsoft and the like — is a concern.
It is hard to say this with a straight face when, very often, our lived everyday experience of this technology remains, honestly, rubbish. No, I do not want an AI widget to rewrite my emails, or my LinkedIn posts, with material scraped from other emails and LinkedIn posts. Thanks, Mr Customer Service Robot, but I would like to speak to a human, please. It is still a leap of faith to imagine the potential productivity benefits are as vast as the tech bros tell us.
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