Jacobin
US · 3 hrs ago
The Case for Nationalizing Artificial Intelligence
Silicon Valley is still riding high on what seems like an unending wave of Wall Street enthusiasm. Investments in artificial intelligence continue to eclipse expectations, with Bloomberg that financiers plan to plow some $700 billion into the industry this year alone. AI stocks now account for roughly a third of the entire stock market and 45 percent of the S&P 500’s total market capitalization.reporting
Of course, the extraordinary investments in AI are driven by the technology’s promise t
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