AIThe Decoder58m ago
AI elites might hoard intelligence like mercantilists hoarded gold
TL;DRTech leaders may monopolize AI to protect power, but widespread AI could actually increase demand for human skills.
Why it matters: Determines whether AI benefits concentrate among elites or create broader economic opportunities for workers and society.
Engineer Venkatesh Rao compares the fear of AI job losses to mercantilism: intelligence is treated as a scarce resource that elites want to control. But AI could boost demand for human thinking, much like early capitalism made people voluntarily work more. The article AI elites…
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