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Cory Doctorow: What Kind of Bubble is AI?

Dec 19, 2023 - locusmag.com
In this article, author Cory Doctorow argues that Artificial Intelligence (AI) is a bubble, filled with fraud and hype, but it may still leave something valuable behind when it bursts. He compares the AI bubble to previous tech bubbles, such as the dotcom bubble and the cryptocurrency bubble, noting that while the former left behind a generation of technologists and infrastructure, the latter left very little of value. Doctorow is skeptical about the business model of AI, which he says is based on increasing productivity and reducing labor costs, rather than improving quality. He also questions the sustainability of large AI models, which are expensive to create and maintain.

Doctorow predicts that when the AI bubble bursts, small-scale AI models and federated learning might survive and continue to evolve. He also anticipates that the bubble will leave behind a large number of people with skills in statistical analysis and data wrangling, as well as knowledge of AI programming languages. However, he criticizes the lack of discussion about what can be salvaged from the AI bubble among policymakers, who are more focused on AI ethics and safety.

Key takeaways:

  • The author, Cory Doctorow, argues that AI is currently in a bubble, with every business plan and advertisement featuring the term, even when the business itself has no AI in it.
  • Doctorow differentiates between tech bubbles that leave something behind and those that leave nothing. He suggests that while the dotcom bubble left behind a generation of technologists with valuable skills, the cryptocurrency bubble left very little of value.
  • He questions the sustainability of the AI bubble, pointing out that the large models are incredibly expensive to make and run. He also highlights the potential risks and liabilities of AI, particularly in high-stakes applications like self-driving cars and radiology.
  • Doctorow concludes by suggesting that when the AI bubble bursts, there may be some valuable residue left behind, such as small-scale AI models and a greater understanding of statistical analysis at scale. However, he also warns that very few people are considering what can be salvaged when the bubble is over.
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