Latest Entries

AI a Race to the Abyss?

March 12, 2025 Leaving aside the Armageddon scenario, there are three possible economic catastrophes that could arise from President Trump’s policies: Three key factors could contribute to a crash in the Silicon Valley high-tech and AI sectors: This last factor is particularly concerning. In a recent Financial Times article—a mix of fiction and non-fiction—Daron Acemoglu … Continue reading

The Economic Impact of Information and Communication Technologies (ICT): A Summary of the Ongoing Debate

Note for the file March 2025 The Economic Impact of Information and Communication Technologies (ICT): A Summary of the Ongoing Debate The debate on the economic impact of information and communication technologies (ICT) on productivity, growth, and employment has gained significant attention. This discussion intensified following the publication of Robert Gordon’s paper on faltering innovation … Continue reading

The Irrational Exuberance Surrounding Artificial Intelligence

The economic, political, and media frenzy in the United States surrounding artificial intelligence (AI) evokes Alan Greenspan’s now-famous phrase, “irrational exuberance,” coined during the dot-com bubble. Investments planned or considered for AI development—including the acquisition of electronic components, the creation of data centers, and ensuring power supply—are reaching colossal amounts, while the potential revenues remain uncertain. … Continue reading

How to Power A.I.

Press Excerpts Data centers use electricity to run — and, most critically, cool — computer servers. Power is so crucial for data centers that the industry talks about the size of a building based not on its square footage but on the amount of megawatts it has secured from utilities. Microsoft, Google and Amazon have … Continue reading

Artificial Intelligence and Slaves

Preliminary DraftComments will be appreciatedRevision 4-9-24 1. Introduction Computer scientist Professor Geoffrey Hinton[1] told BBC Newsnight [2] that the government should establish a universal basic income to address the impact of artificial intelligence (AI) on ordinary jobs. He explained that while AI would increase productivity and wealth, the financial benefits would accrue to the rich, … Continue reading