I am almost certainly wrong, and we will find some solution, or sue the hell out of the genAI firms, but this is the economic issue I see. It competes with productivity as a core economic driver of human wellbeing:
Concentration of wealth.
GenAI consumes content, even that created in low resource languages and regions, and spits it back out, separating the creator from the traffic due to their labor.
This isn’t entirely unknown - we’ve all been inspired by someone else stuff and copied our own.
Now, genAi firms have inserted themselves into this loop. And they’re cutting out the creator.
The scaled, automated pseudo workers that these firms promise, are owned by the firms. The productivity they create accrues to a small group of foreign multi nationals.
Economically - this shouldn’t be an issue. More productivity, means more capability of people doing newer work.
I do expect this to happen. However firms are also very good at making sure they capture the greater share of the market.
Concentration of wealth.
GenAI consumes content, even that created in low resource languages and regions, and spits it back out, separating the creator from the traffic due to their labor.
This isn’t entirely unknown - we’ve all been inspired by someone else stuff and copied our own.
Now, genAi firms have inserted themselves into this loop. And they’re cutting out the creator.
The scaled, automated pseudo workers that these firms promise, are owned by the firms. The productivity they create accrues to a small group of foreign multi nationals.
Economically - this shouldn’t be an issue. More productivity, means more capability of people doing newer work.
I do expect this to happen. However firms are also very good at making sure they capture the greater share of the market.