Society is sleepwalking into a nightmare. The rate of global investment in AI is rocketing, as companies and countries invest in what has been described as a new arms race. The Californian company Nvidia, which dominates the market in the chips needed for AI, has become the most valuable in the world. The trend has been dubbed an “AI frenzy”, with the components described by analysts as the “new gold or oil”.
Everyone is getting in on the act, and politicians are desperate to stake their countries’ claim as global leaders in AI development. Safeguards, equitable access and sustainability are falling by the wayside: when countries gathered for the Paris AI summit in February 2025 and produced an international agreement pledging an “open”, “inclusive” and “ethical” approach to AI, the US and the UK refused to sign it.
