World War AI upon us

Monday 3 June 2024

FTAlphaville has ripping post on AI.

A popular view of generative AI is that it’s unjustifiably expensive, chronically wasteful, rarely useful, and is being foisted on the general public for ideological reasons even though it makes the services they rely on worse. Governments are sure to be all over it.

So says Barclays:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.