What Marx Can Tell Us About Artificial Intelligence

What would be the likely effects of massive introduction of artificial intelligence in the economy from the Marxist point of view? At first, the implications for Karl Marx’s labor theory of value seem bad or in contradiction with the facts or our expectations. AI implies the introduction of extremely capital-intensive techniques of production or, to use Marxist terminology, of processes with a very high organic composition of capital. In other words, AI implies a very high / ratio. That is the…