AI

  There is a sobering truth about artificial intelligence: It is not yet profitable. Money is pouring into AI, and funds flow through it – for the time being. But when one examines AI companies’ profits, clear data is hard to find. The numbers are interesting: Private AI investments in the United States hit $109.1 billion in […]

  For decades, America’s dominance in technology has rested on a simple but powerful principle: permissionless innovation—the idea that individuals and companies are free to build and experiment without first seeking government approval. This philosophy, which allows innovation by default unless clear harm is shown, unleashed breakthroughs from the personal computer to the internet, making the […]

  In May 2023, artificial intelligence pioneer Geoffrey Hinton parted ways with tech giant Google after working there for more than 10 years. The Nobel Physics Prize winner warned against the development of AI-powered chatbot technology, which is largely based on his research on neural networks. People, Mr. Hinton said, are already so flooded with false […]

  Technology is no longer merely a sector of the economy; it has become the economy itself. Over the last three decades, waves of digitization have woven code into every productive process, while the arrival of generative artificial intelligence promises to automate cognition itself and disrupt most industries and professions. During this period, technology companies have become […]

  Human productivity has increased manyfold through technological advances, creating widespread prosperity. The resulting scientific and technical progress and innovation is mostly found in the developed world, yet even less affluent parts of the global population today can afford consumption and an ease of life which in the past was reserved only for the very […]