The AI Reshuffle
Sangeet Paul Choudary is the world’s leading exponent of the platform economy. This week he joins the Futurists to explain how artificial intelligence is likely to reorganize industries. Choudary pushes far beyond facile claims about “AI abundance” and “AI doom” to analyze the probable redistribution of value in markets. He explains how entire systems of production and distribution will be reshaped by machine intelligence. Choudary envisions a reorganization of value creation and value capture whereby AI will reshape the economic pie and cut it into different slices; but not all the value will flow to today’s incumbents. Choudary’s term for this system-wide reinvention “the reshuffle”, the name of his newest book. This conversation makes reference to concrete examples that will be familiar to all listeners: container shipping, the barcode, the smartphone, big data, and the rise of the digital economy.