Is Human Well-Being Comparable with an AI Frenzy Driven by a Massive, Speculative Pursuit of Profit?

In an interview with C.J. Polychroniou, PERI researcher C.P. Chandrasekhar discusses how AI is transforming the finance and banking industries and how finance is subordinating and driving AI development.

“The more concerning trend is the subordination of AI by finance in search of high returns based on exploding valuations driven by speculation. The surge in the Nasdaq and S&P 500 indices is reflective of this speculation-driven boom.”