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AI is Overhyped, Will Only Worsen Inequality: Simon Johnson
The Contrarian Investor Podcast
The Dangers of Profit Seeking in AI
Is there no kind of market solution to this just to put on a purely capitalist hat here for a minute? And could it not be that there will be some new type of company that comes along with AI and does things the right way? Well, look, I think we're in the midst of an episode that can be summarized by Milton Friedman's saying one of his favorite sayings, the business of business is business. Right. Could we have plurality of business models, could we have alternative ways of organizing ourselves, could AI empower that? Yeah, sure, absolutely.
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