From AI boom to economic bust
OXFORD — The divide between artificial intelligence (AI) fantasists and doomsters is growing. The fantasists believe AI will turbocharge growth and create a utopian world of abundance. The doomsters believe it poses an existential threat to humanity and that, before killing us, it will lead to mass unemployment and a world of pervasive surveillance and alternative realities. Who is right? And can…
OXFORD — The gap between artificial intelligence (AI) optimists and pessimists is widening. Those who are optimistic believe AI will catalyze growth and create a world of plenty. Conversely, those who are pessimistic argue it poses a threat to humanity, potentially causing widespread job loss and pervasive surveillance. It remains unclear who is correct and whether governments can mitigate the risk of catastrophe.
AI advocates laud the technology's potential for boosting productivity. Dario Amodei, CEO of Anthropic, has projected U.S. GDP growth could surge from its current 2 percent to 10-15 percent. Elon Musk also expects AI to double U.S. growth to over 4 percent within the coming year, believing machines will eventually replace humans in most jobs.
However, this appears to be nothing more than an illusion or delusion. While the data-center boom and soaring stock-market valuations may temporarily boost growth, their impact will be fleeting. After all, much of the economic activity in developed nations occurs in sectors where AI will have minimal influence.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- From AI boom to economic bust koreatimes.co.kr
