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Is the "A.I." "bubble" "bursting"? Highlight

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But if the AGI bet is a bad one, then much of the rationale for this Consensus falls apart. And that is the conclusion that Eric Schmidt seems to be coming to. […] a few short months ago, the United States believed that it could use its chokehold on advanced semiconductors to create a grand global scheme for controlling the development of AI, and secure its long term dominance. Now, that is in tatters, and not just because of Trump. The technological bets that underlay the grand strategy of unilateral domination look to be going bad. Even if the same people were in charge now as in January, they would have to deal with some extremely difficult questions.

— Max Read

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