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When will average people feel AI’s impact?

Interconnects essay argues AI's impact is still a rounding error for average people, comparing looming wage stagnation to Engels' pause.

An Interconnects essay argues that AI currently touches daily life far less than previous industrial revolutions, since its benefits are concentrated in knowledge work and lack tangible consumer goods. The author invokes Engels' pause (1790-1840), when British wages stagnated amid rapid GDP growth, as a warning that popular backlash could kneecap AI's development. He contends the current phase is about building compounding infrastructure, and predicts daily life may look similar even 50 years from now.

InterconnectsSep 9, 11:01 UTC · 8d agoAI industry1

Data from drones in Ukraine is fueling a new Wild West marketplace

Ukraine's defense ministry opened millions of battlefield drone data points to over 100 companies, fueling a fast-growing AI training data marketplace.

Ukraine's Ministry of Defense announced in January it would make millions of data points from tens of thousands of drone flights available to military contractors and commercial companies, with more than 100 companies and the UK government gaining access. Enabled Intelligence says it has processed over 500,000 hours of Ukrainian drone footage for use in future AI training. The article argues this creates a commercial battlefield-data marketplace with risks including lost training-data provenance, an extractive economy benefiting wealthier countries, and a governance vacuum requiring international rules.

MIT Technology Review · AISep 4, 09:25 UTC · 13d agoAI industry1

When AI quietly breaks things, who pays?

Reed Smith partner David Halbreich explains how AI companies can avoid D&O/E&O coverage gaps around mergers, governance warranties, and claims timing.

In an interview, insurance recovery partner David Halbreich of Reed Smith outlines insurance pitfalls for AI companies under claims-made D&O and E&O policies. He highlights 'straddle' claims after mergers that fall between tail coverage and go-forward policies, potentially leaving policyholders with no coverage. He also warns that governance artifacts submitted in insurance applications, such as bias testing records and model cards, can become warranties carriers use to deny claims, and discusses who should answer AI-use questions and how business interruption coverage applies to cloud and compute vendor outages.

Help Net SecuritySep 3, 00:00 UTC · 14d agoAI industry