George Soros: AI Threat To Open Society

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George Soros

In his recent presentation at the 2022 World Economic Forum, George Soros explained why AI is a threat to open society. Here’s an excerpt from the presentation:

Q1 2022 hedge fund letters, conferences and more

George Soros

Soros: Today China and Russia present the greatest threat to open society. I have pondered long and hard why that should have happened.

I found part of the answer in the rapid development of digital technology, especially artificial intelligence. In theory, AI ought to be politically neutral: it can be used for good or bad. But in practice the effect is asymmetric.

AI is particularly good at producing instruments of control that help repressive regimes and endanger open societies.

COVID-19 also helped legitimize instruments of control because they are really useful in dealing with the virus. The rapid development of AI has gone hand in hand with the rise of social media and tech platforms.

These conglomerates have come to dominate the global economy. They are multinational and their reach extends around the world. These developments have had far-reaching consequences.

They have sharpened the conflict between China and the United States. China has turned its tech platforms into national champions. The United States has been more hesitant because it has worried about their effect on the freedom of the individual.

You can watch the entire discussion here:

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Article by The Acquirer’s Multiple.

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Tobias Carlisle is the founder of The Acquirer’s Multiple®. He is also the founder of Acquirers Funds®. The Acquirer’s Multiple® is the valuation ratio used to find attractive takeover candidates.