AI’s monetization and its impact on society

July 26, 2023

The emergence of AI technology has raised the dilemma of how its inventors may benefit from it while avoiding worries of AI destroying humanity or achieving consciousness.

AI-related valuations are soaring, leading to creative revenue strategies. Investors are concerned about the profitability of AI ventures. Current income models include subscription fees, ads, and service sales to other businesses. Energy-intensive computing makes the “free” tier unsustainable, pushing companies to consider subscription and consulting fees. However, this profit focus may neglect ethical considerations, leading to privacy breaches and reduced user control in AI colluding with ad targeting.

Some AI companies, like OpenAI and Anthropic, have adopted structures that seemingly prioritize social goals alongside profits. Nonetheless, there remains a possibility that these commitments could change if the need arises.

In the end, the challenge lies in striking a balance between profit-seeking and responsible AI deployment. The decisions made by AI companies today will shape the technology’s impact on society tomorrow, highlighting the need for transparency, accountability, and careful consideration of the consequences.

The sources for this piece include an article in Axios.

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Jim Love

Jim is an author and podcast host with over 40 years in technology.

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