Not sure I follow. Current market expectations for AI is that AI WON’T automate a large fraction of jobs. Rather just that it’ll produce value a few trillion dollars, which is only couple of percent of world GDP.
But even if AI does automate a lot of work, that doesn’t mean everyone is suddenly poor. If AI is valuable, then GDP will grow, which means there’s on net more money around to pay for AI software.
I don’t get it. How are consumers supposed to pay trillions of dollars if AI is going to automate a large fraction of their jobs?
Not sure I follow. Current market expectations for AI is that AI WON’T automate a large fraction of jobs. Rather just that it’ll produce value a few trillion dollars, which is only couple of percent of world GDP.
But even if AI does automate a lot of work, that doesn’t mean everyone is suddenly poor. If AI is valuable, then GDP will grow, which means there’s on net more money around to pay for AI software.
I misinterpreted “but low if you think AI could start to automate a large fraction of jobs before 2030”. Thanks for clarifying :)
Ah makes sense! :)