Free Republic

AI is Not Ready for Prime Time: The Infrastructure and Human Reality GapArtificial Intelligence has captured the imagination of investors, companies, and the public alike, promising unprecedented efficiency, automation, and insight. Headlines trumpet AI’s transformative power, but a closer examination reveals a significant gap between hype and operational reality.1. The AI Bubble: Investment vs. ValueAI has attracted billions of dollars in investment, reminiscent of the dot-com bubble of the late 1990s. Startups and established companies alike promote “AI-first” futures, claiming humans will be replaced, efficiency will soar, and profits will skyrocket. In practice, however:Most AI applications are effective only in...

As my sources told me, Miran is a rarity, a highly trained economist who knows all the jargon, has absorbed the peer studies, brings intellectual heft, and makes a logical-sounding case for Trump’s stunningly contrarian game plan. “To say the least, it’s a relatively small pool of PhD economists who are economic nationalists. That’s a blinding reality. But Steve is one,” says someone outside the administration who knows him.