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What Everyone’s Getting Wrong About AI, with Arvind Narayanan
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Every major technological revolution has come with a bubble: railroads, electricity, dot-com. Is it AI’s turn? With investments skyrocketing and market valuations reaching the trillions, the stakes are enormous. But are we witnessing a genuine revolution—or the early stages of a spectacular crash? Princeton professor Arvind Narayanan joins Luigi Zingales and Bethany McLean to explain why he believes AI’s transformative impact is overstated. Drawing on his book AI Snake Oil, co-authored with Sayash Kapoor, Narayanan argues that capitalism’s incentives can distort technological progress, pushing hype faster than reality can deliver. They examine how deregulation, geopolitical competition, and…