Since the launch of ChatGPT 3.5, Big Tech has increasingly focused on generative AI, showcasing models from Microsoft, Meta, Amazon, and Google. Despite massive investments in AI infrastructure, the practical applicability and ROI remain ambiguous. Critics, including political economist Nick Srnicek, question AI's actual value as companies risk deploying vast resources without solid business frameworks. Amidst media narratives celebrating AI's potential while fearing job loss, the current AI landscape in March 2025 shows a more developed but ideologically complex interplay between big tech and political influences.
Countless media articles have been published to claim that AI will solve cancer, will increase productivity in nearly all sectors of the economy, while probably destroying millions of jobs along the way.
Political economist Nick Srnicek has asked, '[w]hat value is AI producing?' This raises questions about the tangible value that AI is actually delivering.
Companies are investing billions in substantial computing power, chips, and new, energy-intensive data centers without a clear business plan or a projected future revenue stream.
The AI landscape appears more established today, in March 2025. Big Tech is now the broligarchy, proudly parading at Trump inauguration day.
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