Unboxing AI-Capitalism
Before the invention of artificial intelligence (AI) as a technology, capitalism in general was driven by what might be called an AI fantasy: the most important economic processes – from decision-making to production – were gradually delegated to a higher, magically autonomous intelligence, imagined, for example, as an “invisible hand” guiding the “self-regulated market.” In the 20th century, this AI fantasy paved the way for the rise of AI technology. At the intersection of AI as a fantasy of capitalism and AI as a technology of capital, something emerged that could be called AI-capitalism.