For all the hype in 2023, we still don’t know what AI’s long-term impact will be | John Naughton

As with the printing press and the dotcom boom, initial frenzy and speculation obscures the lasting legacy of new technologies

“Innovation,” wrote the economist William Janeway in his seminal book Doing Capitalism in the Innovation Economy, “begins with discovery and culminates in speculation.” That just about sums up 2023. The discovery was AI (as represented by ChatGPT), and the speculative bubble is what we have now, in which huge public corporations launch products that are known to “hallucinate” (yes, …

artificial intelligence (ai) book boom capitalism computing discovery dotcom economist economy impact innovation john long-term microsoft press printing speculation technologies technology will