The Economist magazine reported on how new tech such as AI is being viewed in Silicon Valley:

A belief that with money and brains they can reboot social progress is the essence of this new mindset, making it resolutely upbeat. Yet it is hard not to be sceptical. Governments are hounding Silicon Valley over the power of big tech. Tech stocks have been hammered this year and firms are laying off workers in droves. To cap it all, the arrest of Sam Bankman-Fried, a crypto entrepreneur who once sought to be the epitome of a philosopher king, has shown how flaky the morality of supposedly enlightened elites can be. The question is: are the rest of them further evidence of the tech industry’s hubristic decadence? Or do they reflect the start of a welcome capacity for renewal? ...

Yet the impact could ultimately be positive. Frustrations with a sluggish society have encouraged them to put their money and brains to work on problems from science funding and the redistribution of wealth to entirely new universities. Their exaltation of science may encourage a greater focus on hard tech, rather than internet apps. If they can inspire future entrepreneurs to engage in the hard slog of building tomorrow’s trillion-dollar firms, their lofty theorising will have been worth it.