Hope and Fear: the New Industrial Revolution of Generative AI is here

Richard W. DeVaul
11 min readMay 16, 2023

Three years ago I wrote an essay on the future of AI — I warned that huge changes were coming and that nobody was ready. Now, those changes (and a lot more) are here. And despite all of the hype, I believe we are still drastically underestimating the impact of generative AI; Nothing less than a second industrial revolution is at hand, with all of the promise and disruption that entails.

Introduction

In 2020, I wrote an essay titled “Deepfakes Mean the End of Shared Reality, and

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Richard W. DeVaul

Founder, mad scientist, moonshot launcher. Writes on innovation, entrepreneurship, and social/queer issues. ex-CTO of Google X. @rdevaul on twitter