Artificial Intelligence

Jasmine Sun, NY Times   - Most people I know in the A.I. industry think the median person is screwed, and they have no idea what to do about it. I live in San Francisco, among the young researchers earning million-dollar salaries and the start-up founders competing to build the next unicorn. While Silicon Valley has long warned about the risk of rogue A.I., it has recently woken up to a more mundane nightmare: one in which many ordinary people lose their economic leverage as their jobs are automated away.

Whether you talk with engineers, venture capitalists, founders or managers, or with doomers, accelerationists, lefties or libertarians, the so-called San Francisco consensus on the impact of A.I. for workers is bleak. Many are convinced that advanced A.I. will soon surpass human capabilities. This would produce tremendous growth and scientific achievement, but it would also displace millions of jobs as fewer humans are needed to make the economy run. The technology will depress economic mobility and exacerbate inequality, while ferrying power and wealth to the A.I. companies and the existing owners of capital.