Equity Who really benefits from the AI boom?
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Jul 30, 2025 Amba Kak and Sarah Myers West, both Senior Policy Advisors at the AI Now Institute, dive into the intricacies of the AI boom. They challenge the ‘too big to fail’ narrative surrounding AI companies and unpack how corporate power is consolidating in tech. The duo also critiques Trump’s AI agenda, highlighting Silicon Valley's support and the dangers of political narratives overshadowing public interests. Their insights illuminate the need for a more democratic and accountable AI landscape, while advocating for workers' rights and ethical practices in tech.
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AI Hype and Power Concentration
- The AI hype cycle stems from longstanding grand narratives and concentrated tech power.
- These narratives cloud judgement and influence policy, masking accountability issues.
AI Entrenches Big Tech Power
- AI deepens already consolidated power in a few tech giants.
- This entrenched concentration makes meaningful regulation and competition difficult.
Government Fuels AI Industry
- The White House AI action plan closely follows AI companies' deregulation wishes.
- Combined government investment and deregulation create a 'too big to fail' industry scenario.