India, July 20 -- The majority of people associate AI with a chatbot, an image generator or a coding assistant. But these are merely the buildings that have a face. There is another economy behind them, an invisible economy that operates in the name of data, computing power, electricity, human work and public infrastructure. We use it every day, but do not fully appreciate who's creating the value, who's taking the value, who's really paying for the value.

Each 'prompt' from the AI generates something bigger. But there is an invisible economy to getting that seemingly easy answer; chips and electricity, water and cloud infrastructure, data and human labour and billions of dollars of investment. AI is the next Industrial Revolution. Howev...