tag:blogger.com,1999:blog-5290920458091119365.post5949668884549923591..comments2022-06-22T20:32:58.831+01:00Comments on Webbot: How Economists View the Rise of Artificial IntelligenceUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5290920458091119365.post-17808509418252959202016-10-30T14:12:45.486+00:002016-10-30T14:12:45.486+00:00Artificial Intelligence (AI) will create tremendou...Artificial Intelligence (AI) will create tremendous wealth for society, but will leave many people without jobs.<br />Unlike the industrial revolution, there may not be jobs for large segments of society as machines may be better at every possible job. There will not be a flood of replacement “AI repair person” jobs to take up the slack. So the real challenge will be how to properly assist those, most of us humans, who are displaced by AI and robots. Another issue will be the fact that people will not look after one another as machines permanently displace entire classes of labour, such as low level healthcare workers.<br />Fortunately, governments may prove more level-headed than tech celebrities if they choose to listen to nuanced advice. A recent report by the UK’s House of Commons Science and Technology Committee on the risks of AI, for example, focuses on economic, social and ethical concerns of replacing human labour with robots.<br />The take-home message was that AI will make industry more efficient, but may also destabilise society. If we are going to worry about the future of humanity we should focus on the real challenges, such as climate change and weapons of mass destruction rather than fanciful killer AI robots.Julie Grintnoreply@blogger.comtag:blogger.com,1999:blog-5290920458091119365.post-47417523151918702202016-10-30T14:10:23.250+00:002016-10-30T14:10:23.250+00:00Here's a line of thinking I have been pursuing...Here's a line of thinking I have been pursuing for over ten years. It started before 2005 when Ray Kurzweil published "The Singularity is Near" (which is also a movie now). Kurzweil describes what he calls the law of accelerating returns which predicts an exponential increase in technologies like computers, genetics, nanotechnology, robotics and artificial intelligence that will lead to a technological singularity in the year 2045, a point where progress is so rapid it outstrips humans' ability to comprehend it.<br />Kurzweil predicts the technological advances will irreversibly transform people as they augment their minds and bodies with genetic alterations, nanotechnology, and artificial intelligence. Once the Singularity has been reached, Kurzweil says that machine intelligence will be infinitely more powerful than all human intelligence combined (Wikipedia).<br />Others are saying that even before that Singularity there will be a level of disruptive changes and behavioral shifts as we use artificial intelligence to increase human capacity through augmentation, simulation and emulation ("The Age of Em").<br />This will lead to "The Economic Singularity" in which the world will need to develop new economic systems when much of the work being done by people today will be done by machines and new jobs as we think of them will not be created in sufficient numbers.<br />This then leads to ideas like "The Purpose Economy" where we will examine new ways of making a living that build on our own desires to have a meaningful impact, experience personal growth, and enrich our relationships with others. This leads to a growing number of people talking about finding meaning in life beyond workMartin Rayalanoreply@blogger.com