Yet this entire AI and Big Data revolution ultimately rests on a foundation of quicksand. As companies and governments worldwide join tech giants and AI startups in the race to capture, store, and process ever-larger quantities of data, we fear that they all overlook the most fundamental question: what if we are degrading the most important information required for a functional society—including that which is required for further AI development itself? And what if this corruption is being accelerated by the ways in which we are deploying algorithms and AI into the economy and markets—as replacements for, rather than complements to, human judgment—even as financial markets surge to unprecedented heights, feeding off the very distortions that threaten to undermine their success?

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