New AI hype alert: Cost-free knowledge

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Microsoft News

Generative AI Or Genai,Aspen Institute,Knowledge Economy

The promise of free information is a telltale sign of tech-bubble thinking.

Share on email "The economics of information are about to radically change because we're going to reduce the cost of production of knowledge to zero marginal cost...." Suleyman

If Suleyman is correct, we're facing a world of information abundance and economic dislocation that few institutions are prepared for.As market valuations for AI firms and projects soar, the rhetoric surrounding them inflates to justify the continuing influx of vast sums.Knowledge is a quantifiable good, a sort of intellectual widget, and AI will produce such widgets at a trivial cost.

Discovery remains a uniquely human endeavor, and "producing" new knowledge demands all sorts of expertise and context that today's AI can't approach.

 

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