The Core Contradiction in the AI Industry: Overinvestment and the Monopoly Trap
The Real Contradictions in AI Development Many people believe that AI technology is important, and they are right—it is indeed very important. However, the core contradiction in the current AI industry has never been a technical issue, but rather overinvestment. Any industry that falls into a vicious cycle of overinvestment will generate systemic risks, much like the real estate bubble of the past—while it’s certainly unacceptable for people to be homeless, when the entire society engages in real estate speculation, it inevitably leads to massive misallocation of resources. ...