Since the release of ChatGPT in November 2022, the world has seen an incredible surge in investment, development and use of artificial intelligence (AI) applications. According to one estimate, the amount of computational power used for AI is doubling roughly every 100 days.
The social and economic impacts of this boom have provoked reactions around the world. European regulators recently pushed Meta to pause plans to train AI models on users’ Facebook and Instagram data. The Bank of International Settlements, which coordinates the world’s central banks, has warned AI adoption may change the way inflation works.
