The promise of AI – the promise AI companies make to investors – is that there will be AI that can do your job, and when your boss fires you and replaces you with AI, he will keep half of your salary for himself and give the other half to the AI company. It’s why big investors are giving AI companies hundreds of billions of dollars. But no one is investing hundreds of billions in AI companies because they think AI will make radiology more expensive, not even if that also makes radiology more accurate. When really what they’re demanding is a world where 30% of the investment capital of the AI companies go into their shareholders’ pockets. Seven AI companies currently account for more than a third of the stock market, and they endlessly pass around the same $100bn IOU.

Source: The Guardian January 18, 2026 14:13 UTC