Demis Hassabis co-founded DeepMind, the lab startup where AlphaGo and AlphaFold were created. The latter won the Nobel Prize for Hassabis and his co-inventors. He truly is one of the most talented computer scientists of our age. This charming and best-selling book by Sebastian Mallaby, titled The Infinite Machine, provides insight into how Hassabis works …
Artificial Intelligence and the Jevons Paradox
What can a nineteenth-century economist teach a twenty-first-century Chief Executive Officer (CEO) at one of the largest technology firms? More to the point, why is Microsoft's CEO, Satya Nadella, quoting William Stanley Jevons? Jevons was a dominant figure in economic thought in Britain during the second half of the nineteenth century, but not today. His …
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Spillovers, Bottlenecks, and More Invention After Invention
Epiphany plays an outsized role in the reductionist two-step model of invention. Step one is when an idea pops into an inventor’s head, and step two is when the invention spreads in an economy over time. This model is misleading in numerous ways that would take a book to enumerate. Today’s column focuses on step …
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After the Gold Rush
The commercial future of AI will soon be bigger than the actions of any firm, individual, research team, or open-source community. In the near term, a massive tailwind of potential use cases and nearly completed projects will determine the rate of progress in creating value for users and suppliers. Still, the source of the next …
The AI Gold Rush
Large language models (LLMs) have overrun commercial markets, more like a tsunami than a normal technical wave of interest. The topic is everywhere –news stories, blogs, podcasts, startup investments, analyst reports, hackathons, and government announcements. A virtual frenzy surrounds it. If you possess a technical background, you might find this frenzy puzzling. The technological roots …

