We investigate the question of what value is being expressed by an algorithm, which we conceptualize in terms of a digital asset, defining a digital asset as a valued digital thing that is derived from a particular digital technology (in this case, an algorithmic system). Our main takeaway is to invite the reader to consider artificial intelligence as a representation of the capture of value sui generis and that this may be a step change in the capture of value vis à vis the emergence of digital technologies.
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On the Sui Generis Value Capture of New Digital Technologies: The Case of AI