AI rapidly improving, could vastly boost US GDP, Anthropic's Clark tells policymakers

Anthropic co-founder Jack Clark told policymakers at IMF and World Bank annual meetings in Bangkok that rapidly improving artificial intelligence (AI) could significantly boost the US economy by almost 50% by 2030. Clark said his company's internal model forecasts that the US GDP could increase from $30 trillion to $44 trillion, which sounds outlandish but is based on the assumption that AI continues to improve.

However, he emphasized that international cooperation was needed to establish unusual and serious rules for the transformative technology. Clark also warned that there was a shrinking window for policymakers to act, as the estimated potential US GDP growth suggests that new industries and inventions would need to be created to power such a major economic expansion.

Despite the potential for AI to cause job losses in certain fields, Clark believed that it could enhance employment in others, such as scientific research, and create jobs in completely new industries.