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In this Fortune commentary piece, Susan Ariel Aaronson discusses the dangers of AI overcapacity, where supply exceeds demand.
“While steel and AI could not be more different, many economists view AI as a general-purpose technology that can stimulate both economic growth and innovation. Hence, policymakers must ensure domestic capacity.
However, many government officials also already see AI as a critical technology essential to both national security and economic progress. Based on a 2023 review of policies and programs reported to the OECD, more than 60 countries are using taxpayer dollars to create, disseminate, or do research on AI,. That’s …
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