The Economic and Business Impacts of Artificial Intelligence: Reality not Hype

Business Education, Research1 Comment

The debate on Artificial Intelligence (AI) is characterized by hyperbole and hysteria. The hyperbole is due to two effects: first, the promotion of AI by self-interested investors. It can be termed the  “Google-effect,” after its CEO Sundar Pichai, who declared AI to be “probably the most important thing humanity has ever worked on.” He would say that. Second, the promotion of AI by tech-evangelists as a solution to humanity’s fundamental problems, even death. It can be termed the “Singularity-effect,” after Ray Kurzweil, who believes AI will cause a “Singularity” by 2045.