Ferguson argues that before crashes occur, systems appear stable and balanced, causing our brains to misjudge crash timing despite inevitability.
“Before the crash, our world seems almost stationary, deceptively so, balanced, at a set point. So that when the crash finally hits – as inevitably it will – everyone seems surprised. And our brains keep telling us it’s not time for a crash.”
Ferguson observes that both AI optimists and pessimists agree artificial intelligence will fundamentally transform the world.
“As the great Artificial Intelligence Mania hurtles forward toward its denouement, techno-optimists and AI-doomsters agree that it will have world-altering consequences.”