The Cathedral, The Bazaar And The Hormuz Catastrophe That Never Came

AI Summary

Despite expectations that artificial intelligence would revolutionize global trade efficiency, the anticipated crisis from a closure of the Strait of Hormuz did not occur, highlighting resilience and adaptation in shipping and trade sectors.

For years we have waited for artificial intelligence to unlock vast new efficiencies in global trade. When the Strait of Hormuz closed, it may finally have done so. But the...