Archives Artificial Intelligence - Page 3 of 5 - New Eastern Outlook

The parallels between the AI bubble and past financial crises are too numerous to ignore. We have excessive valuations disconnected from profits. We have circular financing, creating an illusion of growth. We have massive spending based on optimistic future projections.

While American companies chase monopoly profits and astronomical valuations, China has embraced a radically different strategy: open-source AI models that democratize access and slash costs by 60-80%.

What is considered to – and supposed to – be a leap forward in the democratization of knowledge, has turned into a battle of narrative control, powered by AI, that mines information from databases, that carry the same biases.