India, Oct. 19 -- AI as a technology is the future, perhaps even a dystopian one. AI the global business empire that is now dominating the world economy, especially its capital markets, is a small club of uber-rich companies. The economics of the AI business is as important for the present as its technological impact. A recently published Bank of International Settlements (BIS) bulletin gives an insight into the processes that have driven the rise and rise of small club of AI companies and what it possibly means.

Published by HT Digital Content Services with permission from Hindustan Times....