The Dangerous Paradox of A.I. Abundance

Silicon Valley envisions artificial intelligence ushering in an era of economic plenty. But what if the benefits are largely confined to corporations and investors that own the technology itself? In early 2024, Anish Acharya, a general partner at Andreessen Horowitz, a big venture-capital firm based in Menlo Park, posted an article online titled "How AI Will Usher in an Era of Abundance." Since then, and even before, various Silicon Valley types have been tossing the term around loosely. Last summer, Elon Musk even adopted the term "sustainable abundance" for a new Tesla mission statement.