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The Economy of Algorithms
AI and the Rise of the Digital Minions
Author: Marek Kowalkiewicz
Narrator: Stephen Perring
Unabridged: 7 hr 58 min
Format: Digital Audiobook Download
Publisher: Bristol University Press
Published: 06/28/2024
Categories: Nonfiction, Technology & Engineering, Social Science, Electronics
Synopsis
Welcome to the economy of algorithms. It’s here and it’s growing. In the past few years, we have been flooded with examples of impressive technology. Algorithms have been around for hundreds of years, but they have only recently begun to ‘escape’ our understanding. When algorithms perform certain tasks, they’re not just as good as us, they’re becoming infinitely better, and, at the same time, massively more surprising. We are so impressed by what they can do that we give them a lot of agency. But because they are so hard to comprehend, this leads to all kinds of unintended consequences. In the 20th century, things were simple: we had the economy of corporations. In the first two decades of the 21st century, we saw the emergence of the economy of people, otherwise known as the digital economy, enabled by the internet. Now we’re seeing a new economy take shape: the economy of algorithms.
