Michael Casey: AI is creating a dual landscape of excitement and caution, the emergence of ‘proof of control’ technology, and the profound impact on job markets

AI’s rapid rise poses both opportunities and risks, reshaping jobs and the global economy.

Key Takeaways

AI is advancing rapidly, creating a dual landscape of excitement and caution.
AI agents generate language probabilistically, lacking true intent.
The development of AI parallels the composability seen in DeFi.
New technologies often expose human errors and limitations.
Geopolitical and economic shifts are altering the world order.
AI’s impact on jobs is profound, requiring serious consideration.
‘Proof of control’ technology will emerge due to regulatory demands.
Sovereign AI should empower individuals, not create closed systems.
Cryptography and blockchains provide essential proof of control for AI.
AI sovereignty is a geopolitical issue with potential totalitarian risks.
Entry-level jobs in vulnerable domains are increasingly replaced by AI.
The future economy will feature AI agents and robots in traditional roles.
AI integration will create a chaotic and destabilizing economic environment.
AI’s limitations pose risks for companies relying on it for critical tasks.
The real risk of AI is anthropomorphizing it, leading to poor decisions.

Guest intro

Michael Casey is Chairman of DAIS Global. He previously served as Chief Content Officer at CoinDesk, where he chaired the annual Consensus conference and co-authored books on blockchain including The Age of Cryptocurrency. His work explores the societal impacts of digital technologies like crypto and AI.

The dual nature of AI advancement

— Michael Casey
AI development is moving quickly, creating both excitement and caution.
AI agents are not thinking but probabilistically generating language to communicate.
— Michael Casey
The rapid development of AI is reminiscent of the composability seen in DeFi.
— Michael Casey
Understanding AI’s current state and market implications is crucial.
The dual nature of AI reflects both a bubble and genuine technological progress.

Human errors in new technology rollouts

The rollout of new technologies often reveals significant human errors and limitations.
— Michael Casey
Human factors play a critical role in technological failures.
Recognizing these errors is essential for future developments.
New technologies expose vulnerabilities in human decision-making.
Understanding the human component is crucial in tech rollouts.
The implementation of new technologies often highlights human limitations.
Addressing human errors is vital for successful technology integration.

AI’s impact on the global economy

The world order is changing, influenced by geopolitical events and economic shifts.
— Michael Casey
The impact of AI on jobs is profound and warrants serious consideration.
— Michael Casey
AI’s role in the workforce is growing, affecting employment dynamics.
Geopolitical shifts are impacting global economic structures.
AI integration is transforming job markets and economic systems.
Understanding AI’s economic impact is crucial for future planning.

Emerging ‘proof of control’ technology

A new category of technology called ‘proof of control’ will emerge rapidly.
— Michael Casey
The demand for control over AI systems will arise from concerns about their operation.
— Michael Casey
Regulatory pressures are driving the development of new technologies.
Accountability in AI is crucial for future technological evolution.
Understanding the motivations behind ‘proof of control’ is essential.
Emerging technologies will address concerns about AI governance.

Sovereign AI and individual empowerment

Sovereign AI should empower individuals rather than create closed systems.
— Michael Casey
Cryptography and blockchains provide proof of control over AI systems.
— Michael Casey
Individual sovereignty is crucial in AI governance.
Ensuring individual control is vital in preventing government overreach.
Cryptographic technologies enhance trust in AI systems.
Empowering individuals is key to ethical AI deployment.

Geopolitical implications of AI sovereignty

The concept of sovereignty in AI is becoming a geopolitical issue.
— Michael Casey
There needs to be a robust mechanism for humans to maintain control over AI agents.
— Michael Casey
AI governance intersects with national interests, posing risks.
Control mechanisms are essential for ethical AI deployment.
Understanding AI’s geopolitical implications is crucial.
Ensuring human oversight in AI is vital for responsible development.

AI’s impact on job markets

Entry-level hiring in vulnerable domains will continue to slow down.
— Michael Casey
AI models are beginning to replace entry-level jobs in sectors like customer service, graphic design, and coding.
— Michael Casey
The integration of AI into the economy will create a chaotic environment.
— Michael Casey
AI advancements are reshaping job markets, particularly in knowledge work sectors.
Understanding AI’s impact on employment is crucial for future workforce planning.

AI’s limitations and societal backlash

There will be a backlash against AI technologies as they become more integrated.
— Michael Casey
AI’s current limitations, particularly in handling edge cases, pose risks.
— Michael Casey
Societal and economic implications of AI integration are significant.
Understanding AI’s limitations is crucial for businesses relying on it.
Addressing AI’s edge case challenges is vital for reliable applications.
The societal response to AI integration will shape its future development.

The philosophical implications of AI

The real risk is not that AI will take over, but that we will make poor decisions by anthropomorphizing it.
— Michael Casey
AI lacks intent, which is a conscious aspect that differentiates it from humans.
— Michael Casey
Understanding AI’s capabilities and limitations is crucial for responsible interaction.
The philosophical implications of AI technology are profound.
Recognizing AI’s lack of intent is essential for ethical deployment.
The relationship between humans and AI raises fundamental questions about identity and purpose.

The posthuman economy and AI’s role

The posthuman economy will be characterized by AI agents and robots taking on traditional roles.
— Michael Casey
We are on the verge of a demographic handover where the human population will start to decline.
— Michael Casey
AI and robotics will transform economic structures and labor markets.
Understanding the implications of AI on the future workforce is crucial.
The posthuman economy will redefine traditional economic roles.
Demographic changes will impact labor markets and economic dynamics.

AI’s rapid rise poses both opportunities and risks, reshaping jobs and the global economy.

Key Takeaways

AI is advancing rapidly, creating a dual landscape of excitement and caution.
AI agents generate language probabilistically, lacking true intent.
The development of AI parallels the composability seen in DeFi.
New technologies often expose human errors and limitations.
Geopolitical and economic shifts are altering the world order.
AI’s impact on jobs is profound, requiring serious consideration.
‘Proof of control’ technology will emerge due to regulatory demands.
Sovereign AI should empower individuals, not create closed systems.
Cryptography and blockchains provide essential proof of control for AI.
AI sovereignty is a geopolitical issue with potential totalitarian risks.
Entry-level jobs in vulnerable domains are increasingly replaced by AI.
The future economy will feature AI agents and robots in traditional roles.
AI integration will create a chaotic and destabilizing economic environment.
AI’s limitations pose risks for companies relying on it for critical tasks.
The real risk of AI is anthropomorphizing it, leading to poor decisions.

Guest intro

The dual nature of AI advancement

— Michael Casey
AI development is moving quickly, creating both excitement and caution.
AI agents are not thinking but probabilistically generating language to communicate.
— Michael Casey
The rapid development of AI is reminiscent of the composability seen in DeFi.
— Michael Casey
Understanding AI’s current state and market implications is crucial.
The dual nature of AI reflects both a bubble and genuine technological progress.

Human errors in new technology rollouts

The rollout of new technologies often reveals significant human errors and limitations.
— Michael Casey
Human factors play a critical role in technological failures.
Recognizing these errors is essential for future developments.
New technologies expose vulnerabilities in human decision-making.
Understanding the human component is crucial in tech rollouts.
The implementation of new technologies often highlights human limitations.
Addressing human errors is vital for successful technology integration.

AI’s impact on the global economy

The world order is changing, influenced by geopolitical events and economic shifts.
— Michael Casey
The impact of AI on jobs is profound and warrants serious consideration.
— Michael Casey
AI’s role in the workforce is growing, affecting employment dynamics.
Geopolitical shifts are impacting global economic structures.
AI integration is transforming job markets and economic systems.
Understanding AI’s economic impact is crucial for future planning.

Emerging ‘proof of control’ technology

A new category of technology called ‘proof of control’ will emerge rapidly.
— Michael Casey
The demand for control over AI systems will arise from concerns about their operation.
— Michael Casey
Regulatory pressures are driving the development of new technologies.
Accountability in AI is crucial for future technological evolution.
Understanding the motivations behind ‘proof of control’ is essential.
Emerging technologies will address concerns about AI governance.

Sovereign AI and individual empowerment

Sovereign AI should empower individuals rather than create closed systems.
— Michael Casey
Cryptography and blockchains provide proof of control over AI systems.
— Michael Casey
Individual sovereignty is crucial in AI governance.
Ensuring individual control is vital in preventing government overreach.
Cryptographic technologies enhance trust in AI systems.
Empowering individuals is key to ethical AI deployment.

Geopolitical implications of AI sovereignty

The concept of sovereignty in AI is becoming a geopolitical issue.
— Michael Casey
There needs to be a robust mechanism for humans to maintain control over AI agents.
— Michael Casey
AI governance intersects with national interests, posing risks.
Control mechanisms are essential for ethical AI deployment.
Understanding AI’s geopolitical implications is crucial.
Ensuring human oversight in AI is vital for responsible development.

AI’s impact on job markets

Entry-level hiring in vulnerable domains will continue to slow down.
— Michael Casey
AI models are beginning to replace entry-level jobs in sectors like customer service, graphic design, and coding.
— Michael Casey
The integration of AI into the economy will create a chaotic environment.
— Michael Casey
AI advancements are reshaping job markets, particularly in knowledge work sectors.
Understanding AI’s impact on employment is crucial for future workforce planning.

AI’s limitations and societal backlash

There will be a backlash against AI technologies as they become more integrated.
— Michael Casey
AI’s current limitations, particularly in handling edge cases, pose risks.
— Michael Casey
Societal and economic implications of AI integration are significant.
Understanding AI’s limitations is crucial for businesses relying on it.
Addressing AI’s edge case challenges is vital for reliable applications.
The societal response to AI integration will shape its future development.

The philosophical implications of AI

The real risk is not that AI will take over, but that we will make poor decisions by anthropomorphizing it.
— Michael Casey
AI lacks intent, which is a conscious aspect that differentiates it from humans.
— Michael Casey
Understanding AI’s capabilities and limitations is crucial for responsible interaction.
The philosophical implications of AI technology are profound.
Recognizing AI’s lack of intent is essential for ethical deployment.
The relationship between humans and AI raises fundamental questions about identity and purpose.

The posthuman economy and AI’s role

The posthuman economy will be characterized by AI agents and robots taking on traditional roles.
— Michael Casey
We are on the verge of a demographic handover where the human population will start to decline.
— Michael Casey
AI and robotics will transform economic structures and labor markets.
Understanding the implications of AI on the future workforce is crucial.
The posthuman economy will redefine traditional economic roles.
Demographic changes will impact labor markets and economic dynamics.

Loading more articles…

You’ve reached the end

Add us on Google

`;
}

function createMobileArticle(article) {
const displayDate = getDisplayDate(article);
const editorSlug = article.editor ? article.editor.toLowerCase().replace(/\s+/g, ‘-‘) : ”;
const captionHtml = article.imageCaption ? `

${article.imageCaption}

` : ”;
const authorHtml = article.isPressRelease ? ” : `
`;

return `

${captionHtml}

${article.subheadline ? `

${article.subheadline}

` : ”}

${createSocialShare()}

${authorHtml}
${displayDate}

${article.content}

`;
}

function createDesktopArticle(article, sidebarAdHtml) {
const editorSlug = article.editor ? article.editor.toLowerCase().replace(/\s+/g, ‘-‘) : ”;
const displayDate = getDisplayDate(article);
const captionHtml = article.imageCaption ? `

${article.imageCaption}

` : ”;
const categoriesHtml = article.categories.map((cat, i) => {
const separator = i < article.categories.length – 1 ? ‘|‘ : ”;
return `${cat}${separator}`;
}).join(”);
const desktopAuthorHtml = article.isPressRelease ? ” : `
`;

return `

${categoriesHtml}

${article.subheadline ? `

${article.subheadline}

` : ”}

${desktopAuthorHtml}
${displayDate}
${createSocialShare()}

${captionHtml}

`;
}

function loadMoreArticles() {
if (isLoading || !hasMore) return;

isLoading = true;
loadingText.classList.remove(‘hidden’);

// Build form data for AJAX request
const formData = new FormData();
formData.append(‘action’, ‘cb_lovable_load_more’);
formData.append(‘current_post_id’, lastLoadedPostId);
formData.append(‘primary_cat_id’, primaryCatId);
formData.append(‘before_date’, lastLoadedDate);
formData.append(‘loaded_ids’, loadedPostIds.join(‘,’));

fetch(ajaxUrl, {
method: ‘POST’,
body: formData
})
.then(response => response.json())
.then(data => {
isLoading = false;
loadingText.classList.add(‘hidden’);

if (data.success && data.has_more && data.article) {
const article = data.article;
const sidebarAdHtml = data.sidebar_ad_html || ”;

// Check for duplicates
if (loadedPostIds.includes(article.id)) {
console.log(‘Duplicate article detected, skipping:’, article.id);
// Update pagination vars and try again
lastLoadedDate = article.publishDate;
loadMoreArticles();
return;
}

// Add to mobile container
mobileContainer.insertAdjacentHTML(‘beforeend’, createMobileArticle(article));

// Add to desktop container with fresh ad HTML
desktopContainer.insertAdjacentHTML(‘beforeend’, createDesktopArticle(article, sidebarAdHtml));

// Update tracking variables
loadedPostIds.push(article.id);
lastLoadedPostId = article.id;
lastLoadedDate = article.publishDate;

// Execute any inline scripts in the new content (for ads)
const newArticle = desktopContainer.querySelector(`article[data-article-id=”${article.id}”]`);
if (newArticle) {
const scripts = newArticle.querySelectorAll(‘script’);
scripts.forEach(script => {
const newScript = document.createElement(‘script’);
if (script.src) {
newScript.src = script.src;
} else {
newScript.textContent = script.textContent;
}
document.body.appendChild(newScript);
});
}

// Trigger Ad Inserter if available
if (typeof ai_check_and_insert_block === ‘function’) {
ai_check_and_insert_block();
}

// Trigger Google Publisher Tag refresh if available
if (typeof googletag !== ‘undefined’ && googletag.pubads) {
googletag.cmd.push(function() {
googletag.pubads().refresh();
});
}

} else if (data.success && !data.has_more) {
hasMore = false;
endText.classList.remove(‘hidden’);
} else if (!data.success) {
console.error(‘AJAX error:’, data.error);
hasMore = false;
endText.textContent=”Error loading more articles”;
endText.classList.remove(‘hidden’);
}
})
.catch(error => {
console.error(‘Fetch error:’, error);
isLoading = false;
loadingText.classList.add(‘hidden’);
hasMore = false;
endText.textContent=”Error loading more articles”;
endText.classList.remove(‘hidden’);
});
}

// Set up IntersectionObserver
const observer = new IntersectionObserver(function(entries) {
if (entries[0].isIntersecting) {
loadMoreArticles();
}
}, { threshold: 0.1 });

observer.observe(loadingTrigger);
})();

Source: https://cryptobriefing.com/michael-casey-ai-is-creating-a-dual-landscape-of-excitement-and-caution-the-emergence-of-proof-of-control-technology-and-the-profound-impact-on-job-markets-unchained/