Part 5/13:
Globally, $252 billion was spent on AI last year—an increase of nearly 45% from previous years—paralleling a fierce "arms race" among tech giants, eager to dominate the increasingly lucrative AI landscape. Mostaque warns that such vast investments may be oversold, likening the hype to the dot-com bubble of 2000. Yet, unlike the early internet, AI's utility is rapidly approaching practical, everyday applications—from personalized education to virtual assistants—that could exponentially transform society.
Risks of the AI Revolution
While AI offers vast potential for progress, Mostaque raises alarm about its darker risks: