The AI crisis is here, and it arrived when computation was added to our market system.
I think the solution is lots of smaller AIs -- distributed social media and financial services that will prevent the big shocks these black boxes of computation seem to generate. We already have the technology -- TensorFlow is open source, the chips are available. We just have to use them in a way that expands human freedom.
Is anyone writing about the political economy of AI? I can think of Byung-Chul Han's In the Swarm, but that's more about social media sans algorithmic moderation.
It doesn't matter on what machine the algorithm runs on -- wetware or cloud -- it gets incorporated into a larger, generated intelligence.
Same math.