On the economic consequences of artificial intelligence…

A.I. is an industry in which strength begets strength: The more data you have, the better your product; the better your product, the more data you can collect; the more data you can collect, the more talent you can attract; the more talent you can attract, the better your product. It’s a virtuous circle, and the United States and China have already amassed the talent, market share and data to set it in motion.

A new world order…

We believe that it is possible that digitalisation and robotisation has started a decades-long period of transformation rightfully comparable to the Industrial Revolution. We may be entering an era during which the basic structures of society will shake, the forms of income will change, and wealth will be radically redistributed with new policies and criteria. Modern people are likely to know as little about the future social system as people at the beginning of the 19th century could imagine how ordinary working class people would one day be able to fly across the oceans in aeroplanes, children of working class people become presidents, or similarly successful doctor-fathers cook potatoes and then change their babies’ nappies.