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My fear is that the US and Chinese governments will be propping up AI long after it's shelf life because we're in a mini economic cold war with them and nobody wants to get "left behind" in this ridiculous AI race to the bottom.
Literal trillions of dollars are going into AI related initiatives. But the bubble can't burst unless the money dries up and I don't see that happening with the current regimes.
I just realized that the GenAI craze is like the modern version of Ronald Reagan's Star Wars project, but somehow both countries got fooled into pouring money into a colossal folly.
That's a good point. I was listening to a YouTube podcast on the topic and the hosts did say international competition is the primary reason for developing AI. US rationale is that even if they want to regulate AI, the "bad guy" won't so it's better to develop it first before the bad guys. They made the same comparison with the Manhattan Project and the race to beat the Axis from developing nukes.