Who Decided Artificial Intelligence Was Inevitable?
The New Daily
ENRICHED
Details
- Date Published
- 28 July 2026
- Priority Score
- 2
- Australian
- Yes
- Created
- 27 July 2026, 10:00 pm
Description
Why the artificial intelligence boom is being pushed into every part of our lives and what happens when the bubble bursts.
Summary
Author and tech critic Cory Doctorow critiques the prevailing narrative of AI's inevitable dominance, suggesting instead that the industry is currently an unsustainable financial bubble. The discussion highlights the massive capital burn of frontier AI labs like OpenAI and the potential economic destabilization should these business models fail to achieve profitability. This perspective challenges the momentum of rapid AI integration into critical infrastructure, emphasizing that the race toward advanced capabilities may be driven more by speculative investment than technical viability or safety. The content underscores the need for sound governance to mitigate global economic risks associated with a potential AI market collapse.
Body
AdvertisementPodcastWho decided Artificial Intelligence was inevitable?7am PodcastJul 28, 2026, updated Jul 28, 2026 ShareAppleSpotifyCory Doctorow is the author and tech critic who brought us the term ‘ensh-ttification’ – which refers to the gradual decline in the quality of digital platforms and services over time.Now he’s warning that what we’ve been led to believe is the inevitable march of AI towards world domination isn’t that inevitable after all, and actually what we’re marching towards could be the end of the AI bubble.This is because every time you ask ChatGPT, Claude, or Gemini a question, companies like OpenAI are losing money. The more we use, the more they lose.And while those AI giants burn through billions of dollars a year, gambling that eventually they’ll figure out how to turn it into a profitable business, the world’s economy is hanging in the balance.Today, Cory Doctorow, discusses why the AI boom is being pushed into every part of our lives and what happens when the bubble bursts.If you enjoy 7am, the best way you can support us is by making a contribution at 7ampodcast.com.au/support.Socials: Stay in touch with us on InstagramGuest: Author Cory DoctorowWant to see more stories from The New Daily in your Google search results?Click here to set The New Daily as a preferred source.Tick the box next to "The New Daily". That's it.Topics: 7am, Artificial Intelligence, podcast Share Follow The New DailyAdvertisementMore Podcast >PodcastWho decided Artificial Intelligence was inevitable?People‘I know I’m a polarising figure’: Alan Joyce returnsHealthRFK jr’s anti-vaccine obsession explainedFederal BudgetLabor promises a ‘fairer’ gas dealUSIs Trump trying to rig the midterm elections?Social MediaClaims Aus influencer uses AI in aid videosPodcastIs this the most dangerous phase of the Iran war?PodcastThe other racism inquiry that’s been ignoredPodcastStefanovic's ex-colleagues on Nine's former hero