The Future’s Secret Weapon: Who Really Holds the Power Over AI?
As computing becomes an essential asset, the question arises: who will benefit from its potential? The promise of advancements in various sectors depends on large corporations that control access. If computing power is the currency of the future, how do we ensure a more equitable economy?
The Impact of AI Computing on the Economy
In 2024, it was predicted that computing would surpass any currency in value. This statement holds true as processing power is the driving force behind AI and the digital economy. However, as this resource becomes more critical, the gap between those with unlimited access and those who struggle to benefit from it widens.
AI resources are deemed public goods, yet their infrastructure is controlled by a handful of companies that have shifted away from non-profit motives. This raises the question: if AI thrives on globally generated data, why do its economic rewards remain concentrated in the hands of a few?
Growing Demand, Yet Limited Access
Since the emergence of ChatGPT in 2022, AI has revolutionized various sectors, enhancing processes and boosting efficiency. Its value extends beyond productivity to advancements in education, healthcare, and scientific research.
In theory, AI computing should be accessible to all. However, tech giants restrict access by controlling both the infrastructure and financing of AI. This concentration of power mirrors past industrial monopolies, where a few companies dominated essential resources and dictated economic progress.
Microsoft’s acquisition of 500,000 Nvidia Hopper chips and a power plant in 2024 to bolster its computing capacity is a clear example. Meanwhile, everyday users have limited options to leverage this technology beyond what big corporations offer.
Towards a More Inclusive AI Economy
Tech giants have poured billions into AI development, solidifying their dominance. They have also attracted substantial venture capital, with over 50 U.S. AI startups each raising over $100 million in 2024. However, enthusiasm for AI has led to speculation and unclear value propositions.
Unlike traditional currency markets, where anyone can participate to some extent, AI is not as accessible. Despite its benefits in sectors like manufacturing and healthcare, not everyone has equal opportunities to profit from AI economically.
The aim is not to eliminate large corporations but to ensure more equitable distribution of AI resources. This requires policies and business models that allow more players to actively engage in its growth and use.
As AI continues to evolve, its economic impact will grow. To avoid it becoming a source of inequality, inclusive mechanisms must be established to ensure everyone in society benefits. The question is not if AI will shape the future, but who will have access to its potential.
