Episode summary: The head-spinning ascent of AI is a story of scientific innovation, but it’s also, fundamentally, a story about money. Between 2013 and 2024, AI netted about U.S.$1.6 trillion of global corporate and private investment; it’s estimated that by the end of this year that number will reach U.S.$2.5 trillion. How this massive investment is transforming — and will transform — the way we live and work is a matter of fierce debate and great uncertainty. One person at the centre of this technological and economic maelstrom is Pillar VC’s Leah Morris. She’s the executive director of Pillar’s Encode: AI for Science fellowship, which provides AI researchers the time, freedom and resources to build meaningful, game-changing solutions. In this bonus episode, she discusses how new technologies are exacerbating economic inequality, the enduring value of human judgment and how the AI investment landscape is too often, in her words, “bullshit in a bull ring.”

Featured in this episode:

Leah Morris is executive director of the Encode: AI for Science fellowship at Pillar VC. She was previously a senior director at Radical Ventures, where she oversaw the firm’s responsible AI strategy and managed research partnerships. Her background includes economic AI research at the University of Toronto and experience in global health and security with the United Nations and through nonprofit work in Jamaica and South Africa.

Further reading:

The next great divergence: Why AI may widen inequality between countries

The man behind AlphaGo thinks AI is taking the wrong path

How London became the rest of the world’s startup capital

Universal basic income, the utopia idea resurging in Silicon Valley

How AI is transforming scientific discovery while keeping humans at the centre

Solve for X is brought to you by MaRS, North America’s largest urban innovation hub and a registered charity. MaRS supports startups and accelerates the adoption of high-impact solutions to some of the world’s biggest challenges. For more information, visit marsdd.com.