Nathan Gardels at Noema:
As we have written often in Noema, the value created by intelligent machines is flowing mostly to those tech titans who “own the robots” and to the top 10% who own 93% of all equities. Meanwhile, the value of labor — and its bargaining power to reap a piece of the pie — is rapidly diminishing. Indeed, the public, whose data is exploited to train AI models, generally has no claim to the new wealth created from the raw material of their information.
Lately, this realization has fostered a proliferation of proposals from Democrats, Republicans and Big Tech to more broadly share the vast profits generated by AI. Where they differ is in the ways and means to do so.
These proposals fall into two rough camps: redistribution of income and pre-distribution of wealth.
More here.
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