This is an updated version originally published in my Forbes column What if the most important thing about AI is not what it can do today, but what becomes possible because it exists? That was the question I kept coming back to after hearing Blackstone’s Jon Gray compare this moment to America in 1870. At the time, much of the country still ran on farms, horses, wood, and candlelight. Thirty years later, by 1900, steel, railroads, electricity, cities, and entirely…
The AI Economy Is Here, But We’re Measuring the Wrong Revolution
Two years ago, The Economist asked what happened to the AI revolution. Today, we’re investing more than ever, still struggling to prove the returns, and discovering that AI’s impact on jobs is anything but predictable. I believe these seemingly contradictory signals are telling us something important about the AI Economy taking shape, and what it will take to lead in it. Investment continues to accelerate, the world’s largest technology companies are building an unprecedented infrastructure for intelligence, and AI agents…