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If AI is a public good, nationalisation should be considered

A technology so consequential, potentially disruptive and paradigm-shifting cannot be managed through basic regulation alone

    • Those arguing for public equity in AI suggest that the technology behind it arises from decades of publicly funded research, and that the public should gain from the upside.
    • Those arguing for public equity in AI suggest that the technology behind it arises from decades of publicly funded research, and that the public should gain from the upside. PHOTO: BT FILE
    Published Wed, May 6, 2026 · 07:15 AM

    ARTIFICIAL intelligence could well prove to be the most profoundly consequential technology in human history. It is already challenging long-held notions of intelligence and creativity, promising to hasten scientific progress, and raising uncertainties about the future of jobs.

    In these tantalising times, there is no shortage of techno-optimists who insist that we stand on the cusp of a world of super-abundance as AI usage will enable historic gains in productivity and prosperity.

    Many economists, however, are not quite as sanguine. We worry about the gains being concentrated among a few, while large swaths of white-collar jobs are automated away.