Keen On

According to the platform economist Sangeet Paul Choudary, author of Reshuffle, today’s AI hype is a feature rather than a bug in Silicon Valley. It’s a deliberate mechanism to attract capital in an “attention-poor, capital-heavy economy” while distracting from the lack of short-term business results. So who will ultimately win and who will lose in today’s AI arms race? While Choudary predicts power will concentrate around infrastructure players like Nvidia and enterprise workflow companies like Microsoft and Google, he warns that OpenAI risks becoming “the Cisco of this revolution” unless it moves beyond the commoditizing model layer. More troubling, for Choudary, is AI’s societal impact. We cannot trust Big Tech with our “agentic future,” he cautions—particularly as technologies like OpenAI’s Pulse preview eliminate the last vestige of user agency that we still possess. While pessimistic about US and Chinese models built on data hoarding and state-backed monopolies, the Dubai-based Choudary sees promise in