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AI Is Looking More and More Like a Normal Technology

Market indicators say that short timelines for radical change are wrong

Richard Hanania's avatar
Richard Hanania
Nov 09, 2026

We are often told that we should take predictions of those in the AI industry seriously because they have been right about so much. But here we need to make a distinction between two things:

  1. Predicting that AI is going to get much better really fast

  2. Predicting that AI is going to transform the world

I think that those who’ve argued for 1 have clearly been correct. There’s a long record of forecasts along the lines of “AI will never do X,” and then it does X. That said, this makes the lack of disruptive change even more puzzling. Where is the growth? The job loss? The radical impacts in our day-to-day lives? How much longer do we have to wait for these things?

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