Money Week

The age of AI politics is here

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bloomberg.com

Will artificial intelligen­ce (AI) have an adverse impact on the 2024 US presidenti­al election? asks Niall Ferguson. “It seems highly likely.” US election campaigns have much larger budgets than those of other developed countries, and each new communicat­ions technology is rapidly adopted by “political entreprene­urs” – consider what Google did for Barack Obama in 2012, or Facebook advertisem­ents for Donald Trump in 2016, or Big Tech’s “content moderation” for Joe Biden in 2020.

AI has “immense potential to make a political impact” in the election, and it is already being deployed. We have already seen, in the New Hampshire primaries, the first fake phone calls made by AI bots claiming to be Biden, for example. AI can rapidly produce material, without human oversight, that survey respondent­s see as being just as credible as material on the same subject from The New York Times. When voters are primed to become aware of “deepfake”, AI-generated videos, they do not get better at identifyin­g them, but do lose trust in real videos.

Full speed ahead

All this will probably generate public pressure for regulation, but is AI likely to be curbed by this? Probably not, at least not anytime soon. In the US, Congress has a record of regulating new technologi­es very slowly, and already-proposed regulation­s are either not “toothy” enough, or are unlikely to pass Congress. The EU’s hope to lead AI regulation as it did data security is also unlikely to succeed, not least because it is home to hardly any major AI companies. And the formation of a global AI governance regime, as some advocate, is not going to happen in the short or medium term. There will, in short, be few restraints on the “AI arms race”, which will “continue at breakneck pace”.

The implicatio­ns go beyond internal politics. China is currently lagging in the AI race, but it is ahead in robots, and the main thing holding it back in AI is access to sophistica­ted chips – almost all of which are produced on an island China claims as its own, Taiwan. AI also promises to make missiles and other weapons much more accurate, increasing the cost of warfare in human terms. The age of AI warfare is upon us.

The cost in terms of energy will also be astronomic­al. Some analysts have projected that AI could end up needing close to a quarter of electricit­y generation by 2030. More sober ones say 4.5%. “Either way, it’s a lot.” In recent weeks, the media has been waking up to what this implies for increasing the share of electricit­y from “renewable” sources. “That dream is dead.”

 ?? ?? We’ve welcomed the AI Trojan horse in
We’ve welcomed the AI Trojan horse in

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