Conversational artificial intelligence (AI) tools might soon “covertly influence” users’ decision making in a new commercial frontier called the “intention economy,” University of Cambridge researchers warned in a paper published yesterday.
The research argues the potentially “lucrative yet troubling” marketplace emerging for “digital signals of intent” could, in the near future, influence everything from buying movie tickets to voting for political candidates. Our increasing familiarity with chatbots, digital tutors and other so-called “anthropomorphic” AI agents is helping enable this new array of “persuasive technologies,” it added.
It would see AI combine knowledge of our online habits with a growing ability to know the user and anticipate his or her desires and build “new levels of trust and understanding,” the paper’s two coauthors wrote.
Photo: AFP
Left unchecked, that could allow for “social manipulation on an industrial scale,” the pair, from Cambridge’s Leverhulme Centre for the Future of Intelligence, argued in the paper published in the Harvard Data Science Review.
It characterizes how this emergent sector — dubbed the “intention economy” — would profile users’ attention and communicative styles and connect them to patterns of behavior and choices they make.
“AI tools are already being developed to elicit, infer, collect, record, understand, forecast, and ultimately manipulate and commodify human plans and purposes,” coauthor Yaqub Chaudhary said.
The new AI would rely on so-called “large language models” to target a user’s cadence, politics, vocabulary, age, gender, online history, and even preferences for flattery and ingratiation, the research said.
That would be linked with other emerging AI tech that bids to achieve a given aim, such as selling a cinema trip, or steering conversations toward particular platforms, advertisers, businesses and even political organizations.
“Unless regulated, the intention economy will treat your motivations as the new currency,” coauthor Jonnie Penn said.
“It will be a gold rush for those who target, steer, and sell human intentions,” he added. “We should start to consider the likely impact such a marketplace would have on human aspirations, including free and fair elections, a free press, and fair market competition, before we become victims of its unintended consequences.”
Penn noted that public awareness of the issue is “the key to ensuring we don’t go down the wrong path.”
Ryanair, Transavia, Volotea and other low-cost airlines are feeling the financial pain from high jet fuel prices as a result of the Middle East war and are cutting flights. The closure of the Strait of Hormuz has taken a huge chunk of oil supplies off the market, sending the price of jet fuel soaring and triggering fears of shortages that could force airlines to cancel flights. Airlines are not waiting for a lack of supplies to react. “Travel alert: Airlines are cutting thousands of flights right now,” Travel Therapy host Karen Schaler said in an Instagram reel this past weekend.
MANAGING RISKS: Taiwan has secured LNG sufficient to cover 95 percent of electricity demand for next month, UBS said, describing the government’s approach as proactive UBS Group AG has raised its forecast for Taiwan’s economic growth this year to 8 percent, up from 6.9 percent previously, and said expansion could reach as high as 8.6 percent if external energy shocks are avoided. The upgrade reflects a stronger-than-expected first-quarter performance and sustained momentum in artificial intelligence (AI)-driven exports, which UBS said are providing a firm foundation for growth despite geopolitical and energy risks. Taiwan’s GDP expanded 13.69 percent year-on-year in the first quarter, the fastest growth since the second quarter of 1987, the Directorate-General of Budget, Accounting and Statistics (DGBAS) reported on Thursday. On a seasonally
Shares of Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) have repeatedly hit new highs, but an equity analyst said the stock’s valuation remains within a reasonable range and any pullback would likely be technical. The contract chipmaker’s historical price-to-earnings (P/E) ratio has ranged between 20 and 30, Cathay Futures Consultant Co (國泰證期) analyst Tsai Ming-han (蔡明翰) told Central News Agency. With market consensus projecting that TSMC would post earnings per share of about NT$100 (US$3.17) this year, supported by strong global demand for artificial intelligence (AI) applications, and the stock currently trading at a P/E ratio of below 25, Tsai said the valuation
The list of Asian stocks that benefit from business partnership with Nvidia Corp is getting longer, as the region further integrates into the artificial intelligence (AI) chip giant’s business ecosystem. Just in the past week, South Korea’s LG Electronics Inc, Taiwan’s Nanya Technology Corp (南亞科技), as well as China’s Huizhou Desay SV Automotive Co (德賽西威) and Pateo Connect Technology Shanghai Corp (博泰車聯) have become the latest to rally on news of tie-ups, supply-chain participation or product collaboration with the US chip designer. Asian suppliers account for about 90 percent of Nvidia’s production costs, up from about 65 percent last year, data compiled