Futurology

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'This is the last opportunity for us to wake up': A leading economist warns we're headed for an AI-driven cataclysm (www.businessinsider.com)

submitted 1 year ago by [email protected] to c/[email protected]

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How Daron Acemoglu, one of the world's most respected experts on the economic effects of technology, learned to start worrying and fear AI.

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[–] [email protected] 8 points 1 year ago (1 children)

So, a capitalism driven cataclysm, not an AI driven one. When your economic model fails because of technological advancement, you blame the model, not the technology.

[–] [email protected] 3 points 1 year ago

"There's a fair likelihood that if we don't do a course correction, we're going to have a truly two-tier system," Acemoglu told me. "A small number of people are going to be on top — they're going to design and use those technologies — and a very large number of people will only have marginal jobs, or not very meaningful jobs."

So one group owns the systems that produce the output, while the other gets exploited by said systems.

Yeah, gee, where have I heard all this before.