AI is Overhyped, Will Only Worsen Inequality: Simon Johnson
The Contrarian Investor Podcast
00:00
The Potential Outcome of Machine Intelligence
"I think we're going to be replacing intellectual labor, just like we replaced human labor early in the industrial revolution," he says. "We could be talking about a much bigger hit to our labor market than we've seen in a long time." He adds that those sorts of hits don't usually lead to good political outcomes. 'If what you're doing is really just replacing the people shifting the balance of power'
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