
Historian and bestselling author Yuval Noah Harari warns that Artificial Intelligence could profoundly change economics, politics, and the way people trust each other.
In an interview with The Economist, Harari said that AI's greatest impact may be precisely on trust, which he describes as one of the most important assets of modern society.
According to him, the modern economy operates on systems that enable people to build trust even with people they don't know. Money, for example, is a way to build trust between strangers.
Harari believes that it is almost inevitable that Artificial Intelligence systems will take greater and greater control over the financial system.
AI may be able to analyze the global economy at a much more detailed level than any individual. For this reason, the pressure for people to trust artificial systems is expected to increase in the coming years.
He also mentioned cryptocurrencies, figuratively describing them as a kind of "AI money," as some people have more trust in algorithms, like Bitcoin's, than in traditional financial institutions.
According to Harari, as people lose trust in traditional media, they are increasingly turning to algorithms that determine what content they see on digital platforms.
"We can become like cows and chickens"
Harari warns that a paradox is emerging: people may increasingly trust AI in their personal relationships, but at the same time they may lose control and understanding over the technological and financial system that these algorithms run.
He illustrates this with a comparison: the financial system of humans controls the economic lives of animals, while animals have no idea that the financial system itself exists.
According to him, if developments continue at this pace, humans could find themselves in a similar position to AI systems within ten years.
Another risk would be a financial crisis, the causes of which people would not be able to understand. In such a situation, the response of governments and institutions could also become extremely difficult.
Warning about "technological despotism"
Harari's biggest concern relates to the possibility that overreliance on AI could lead to a new form of technological despotism.
He argues that dictators of the past could control information through radio, television or propaganda, but could not create personal relationships with millions of people.
AI, he says, can change this.
Artificial systems can form one-on-one relationships with millions of people, acting as friends, advisors, or even romantic partners. This could give them enormous power to influence people's political beliefs and economic decisions.
To limit these risks, Harari calls for stronger regulation of Artificial Intelligence.
He proposes a ban on granting legal personhood to AI systems, as well as a ban on using artificial intelligence to impersonate humans.
In this category he also includes "deepfakes", which according to him have become so convincing that he himself needed about 90 seconds to realize that a video that looked like it was his lecture was actually fake.
Harari emphasizes that policymakers must act now, before the development of technology moves much faster than the ability of institutions to control it.
He specifically singles out the United States, where much of the most advanced AI technologies are being developed, and suggests that voters also make this issue one of their top political priorities.
According to him, if he were able to set the political agenda, the November US midterm elections would be dominated by the debate over artificial intelligence.