The Case Against Government Buying Into the AI Giants
Gas Markets After Trading Profits Collapse Kurt Cobb is a freelance writer and communications consultant who writes frequently about energy and environment.
His work has also appeared in The Christian Science… WhenBernie SandersandDonald Trumpagree on something, that agreement deserves examination.
Both are touting the idea that the federal government should have an ownership stake in major artificial intelligence (AI) companies.
For Sanders, this would be a way for the American people to share in the wealth generated by AI companies that those companies accumulated through the theft of other people's writing, artworks, photos, videos, and recordings.
And it would give the government a seat at the table as a representative of the public in deciding how AI companies will operate in the future.
Just how Trump views the purpose of government ownership of a share of AI companies is not yet clear.
The problem is, AI companies are not really generating any wealth.
Right now,they are simply burning through billions of investor dollars that are heavily subsidizing userswith no clear path to profitability.
And no, the AI industry is not following the path of previous technologies, such as the internet and the smartphone, in which costs will rapidly fall as the technology matures and greater numbers of people adopt AI.
Years into the AI boom, the cost of providing its promised outputs is going up, again with no clear path to bringing the cost down.
Adding users does not bring down unit costs because more users require more resources.
It's the opposite of the software model, where the cost of distributing a piece of already written software to the next customer is close to zero.
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