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Will AI usher in an era of explosive economic growth?

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Re: Will AI usher in an era of explosive economic growth?

#3

No. (Betteridge's law of headlines, but also true in this case)

I'm not sure why the submitter went with that headline instead of the actual headline of the article: "How AI could explode the economy and how it could fizzle.". The piece itself discusses both "AI will be a huge economic boon" and "AI will have little economic effect" stances.

My prediction is that it will not cause explosive economic growth, but it will have noticeable economic effects that will benefit some at the expense of others.

Re: Will AI usher in an era of explosive economic growth?

#4
post #3

No. (Betteridge's law of headlines, but also true in this case)

I'm not sure why the submitter went with that headline instead of the actual headline of the article: "How AI could explode the economy and how it could fizzle.". The piece itself discusses both "AI will be a huge economic boon" and "AI will have little economic effect" stances. My prediction is that it will not cause explosive economic growth, but it will have noticeable economic effects that will benefit some at th…

More interested in the opinions of those on this site and I thought the article would prompt some interesting discussion.

Re: Will AI usher in an era of explosive economic growth?

#5
post #4
post #3

Earlier quoted context omitted.

I'm not sure why the submitter went with that headline instead of the actual headline of the article: "How AI could explode the economy and how it could fizzle.". The piece itself discusses both "AI will be a huge economic boon" and "AI will have little economic effect" stances. My prediction is that it will not cause explosive economic growth, but it will have noticeable economic effects that will benefit some at th…

More interested in the opinions of those on this site and I thought the article would prompt some interesting discussion.

The established practice is to use the same title as the article you're submitting (with a few exceptions). From the guidelines:

> please use the original title, unless it is misleading or linkbait; don't editorialize.

So that's what people tend to expect, and is why I was surprised when I clicked through.

Re: Will AI usher in an era of explosive economic growth?

#6
No. Undoubtedly No. There are some applications that will benefit directly from this technological improvement, but it is not a widely applicable as everyone is making it to be. In the areas what it is broadly applicable, it will improve efficiency and also a loss of a few jobs, which might make it mostly neutral from an economic point of view.

Re: Will AI usher in an era of explosive economic growth?

#8
No. It will descend into scamming sweatshop bot offices in the dusty reaches of the world thinking they can make a faster buck by using fewer employees than when before ai (think along the lines of (peopleperhour, mechanical turk, call centres, help centres, it software support).

Re: Will AI usher in an era of explosive economic growth?

#9
I've been thinking of this recently from the perspective of AI as the new mechanization. Not a brilliant idea, but the reason luddites destroyed the looms was because they saw themselves as mechanical beings. Most of the work done in society was mechanical. We made things. Very few people were responsible for thinking.

Now, society is information based, and we see ourselves as the thinking machines.

Just as the industrial revolution didn't remove humans from all mechanical work, AI won't remove us from all knowledge work, but I believe it will uncover the next level of humanity. If we're not only mechanical, and we're not only cerebral, what are we?

Re: Will AI usher in an era of explosive economic growth?

#10

I've been thinking of this recently from the perspective of AI as the new mechanization. Not a brilliant idea, but the reason luddites destroyed the looms was because they saw themselves as mechanical beings. Most of the work done in society was mechanical. We made things. Very few people were responsible for thinking. Now, society is information based, and we see ourselves as the thinking machines. Just as the indus…

You realize we are mechanical, thinking beings. What else is left for us to do?
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