When the AI bubble bursts, executives who enthusiastically replaced their staff with AI tools will learn that it takes a “really long time” to replace those lost skills, Cory Doctorow, a science fiction author and journalist says.
But those in creative fields should also be warned not to put all their faith in copyright as the best way to safeguard their work, Doctorow warned, just one week after Australian prime minister, Anthony Albanese, promised to ramp up protection against AI companies who refuse to pay.
In his new book, the Reverse Centaur’s Guide to Life After AI, the man who coined the word “enshittification” says the question isn’t “are we in an AI bubble?”, but “When will the bubble burst?”
“The thing about bubbles is that after they burst, we look back and we say ‘well, obviously that was the weak link’,” he says.
The AI bubble is being kept afloat through the massive investments being made from Gulf sovereign wealth funds and billionaires into new datacentres, Doctorow says. If some of those deals begin to collapse, it so could the bubble.
The circular investment in the AI sector – between the chip manufacturers, AI companies, and tech companies using AI – “could easily” be the first domino to fall, he added. Or if the AI companies like Anthropic and OpenAI continue to delay their initial public offering, and struggle to get new funding.
“We can see in retrospect, when we don’t have to continue pretending that this thing is going to go on for ever, that it was always very, very brittle. It was always very fraught,” he says.
Executives in industries that were promised by those selling AI that the technology could cheaply replace their workers will find those skills hard to bring back when the dust settles. Workers fired, pushed into retirement or retrained in other fields will leave gaps of knowledge.
Detailed knowledge of business processes can’t be readily transferred or recovered, he says, “and you can’t just recover it like the workers who have it when you scatter them to the four winds”.
“It’s going to be a bit a little like Fury Road where there’s just going to be stuff you have, but we don’t know how to do again. And it’s going to take a really long time to figure out how to do it again.”
Copyright fix on AI ‘won’t solve anyone’s problems’
Albanese last week said the Australian government would have “plain as day” laws on copyright to ensure AI companies that train their models on music, books, news and other creative works pay to use it. It followed reports the government was being lobbied by AI companies to introduce a text and data mining exception into Australian copyright law.
The announcement was broadly welcomed by the creative sectors in Australia. Doctorow argued using copyright law “won’t solve anyone’s problems” – a position he…
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