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Fortune
Fortune
Catherina Gioino

AI will make the 'tech bro' class even richer, Nobel laureate Joe Stiglitz says, just as it can take your job

(Credit: Alessandro Bremec—NurPhoto/Getty Images)

Tech bros are seemingly everywhere. They’re Hollywood’s newest favorite villain. They pushed back and potentially won this week when President Donald Trump indefinitely postponed an Executive Order on AI. Yes, the broligarchy have been quickly amassing money and power for a while now, but as professor Joseph Stiglitz sees it, the tech at the heart of their careers might push them into an even greater stratum of wealth.

Stiglitz, a professor at Columbia University who has spent his career studying how aspects of capitalism fail. He’s studied financial crises, globalization’s broken promises, and the slow hollowing out of the American middle-class. Now, at 83, he is watching AI potentially do the same thing.

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