AI AND THE NEW PROMISED LAND
The next approaching Kondratieff cycle has some as yet unknown characteristics. But, as asserted by Giulio Sapelli in “Beyond Capitalism”,1 it will entail the pervasive development of artificial intelligence technologies (AI). In using the term “AI”, we are referring to a set cutting-edge technology that can learn from data and replicate human cognitive processes, with machine learning and deep learning algorithms enabling it to become increasingly sophisticated.
An early vision of this new Kondratieff cycle is visible in a broad number of sectors already. AI has powered 80 per cent of the views on the Netflix platform, and facilitated the discovery by Moderna in no time of the ARN-based vaccine against COVID-19. Generative AI platforms such as Copilot based on Open AI's Codex increase coding throughput of programmers by more than 50 per cent.
From an economic and managerial viewpoint, AI is thus projected to serve as a pivotal competitive asset. claims that AI represents the most crucial technology of our era, emphasising its capacity to have a profound impact on numerous domains and shape our believes that the AI revolution could surpass the impact of both the industrial and digital revolutions.
