Thursday, June 30, 2016

Cognitive monopoly

Major discontinuities in human history have often led to monopoly positions in subsequent markets, driven by winner takes all characteristics. In the modern economy - automobiles, airplanes and computers certainly fit this view. In the case of the internet, invented by tax payer investments, attempts by a few to monopolize the flow of electrons, have been averted thus far. But "Net neutrality," is not something that rent seeking behemoths are likely to accept in the long run, even if they did not pay for it.

The nascent wave - machine cognition - has the monopolists scrambling to get the upper hand. In this wave, capital, as measured by megaflops and terabytes, has a significant advantage. The leaders, plush with computing power, seem to believe that there is nothing that may challenge their positions. Their expectations of technology acceleration appear optimistic but nonetheless we appear to be progressing at an interesting enough trajectory. Although many, including the world's leading scientist, are worried about runaway artificial intelligence, one could argue that there are more prosaic worries for the 7 billion around the world.

Monopolies generally destroy societal value. Even those with a charitable frame, acquire the disease of "God complex," as the money begins to flow in. Humans are simple, driven by ego and an objective function, either biased toward basic necessities or irrational attributes that are difficult to tease out. Contemporary humans can be easily classified by intuition, without even the need for the simplest of algorithms - Nearest neighbors - into those with access to information and those who do not. Politicians and policy makers have been perplexed by the fact that such a simple segmentation scheme seems to work in every part of the world population from countries to counties and cities. Cognition monopolists will make it infinitely worse.

Can Mathematics be monopolized? The simple answer is yes. In a regime of brute force over highly available computing power for a few, answers could be found by the blind and the dumb. Perhaps, there is still hope for the rest as we have seen this movie before.