What the AI Race and the Euro Have in Common
Weirdly enough, the race for AI supremacy reminds me of the development of the euro zone. George Soros gave this incredible speech in June 2012, https://www.georgesoros.com/2012/06/02/remarks_at_the_festival_of_economics_trento_italy/ right in the heart of the European debt crisis where he talked about how the whole project had always been something of a “bubble” but not in the traditional financial markets aspect. It’s a long speech, but these are the paragraphs that stick in my head: “I contend that the European Union itself is like a bubble. In the boom phase the EU was what the psychoanalyst David Tuckett calls a ‘fantastic object’ – unreal but immensely attractive. The EU was the embodiment of an open society – an association of nations founded on the principles of democracy, human rights, and rule of law in which no nation or nationality would have a dominant position. The process of integration was spearheaded by a small group of far sighted statesmen who practiced wh...
