I think the great promise of AI is at least technologically, we can see that possibly on the

horizon if we can organize society in a way that we take advantage of the technologies rather

than have it take advantage of us.

But unfortunately at the moment, it seems like we're heading in the other direction

where we're just leaving everything to the markets,

leaving everything to these joint stock companies that Adam Smith warned us about 200 years.

And I think if we stay on that track, you know, things are not looking good.

That's John Cassidy, and this is Alternative Radio. I'm David Barsamian. This edition of AR

features John Cassidy on AI and the Crisis of Capitalism.

AI, artificial intelligence, is rapidly expanding, along with its promises and dangers.

On the promises side, tech bros like Open AI CEO Sam Altman said,

Thanks to AI, we will see diseases get cured at an unprecedented rate.

AI critics such as Jeffrey Hinton, Nobel Prize winner,

who has been called the godfather of AI,

he warns of the technology's profound risks

to society and humanity. He adds, people haven't understood what's coming. He likened AI to a very

fast car with no steering wheel. Unregulated AI will likely trigger a global economic crisis

with its projection of massive layoffs. AI can speed up production, thus making corporations richer,

but many workers will be laid off. For example, META is cutting

thousands of jobs. Amazon and Microsoft will follow. How will the capitalist economic system deal with

AI? Our guest today is John Cassidy. He's a British American journalist and

economic historian. He's been a staff writer for the New Yorker since 1995, where he writes

...