5min chapter

80,000 Hours Podcast cover image

#161 – Michael Webb on whether AI will soon cause job loss, lower incomes, and higher inequality — or the opposite

80,000 Hours Podcast

CHAPTER

The Unique Capabilities of Language Models in Comparison to Previous Technologies

This chapter explores how new language models and AI differ from previous technologies in terms of adoption and their impact on the economy and jobs. It discusses the general-purpose nature of large language models and their ability to perform a wide range of tasks, contrasting this with the limited functionality of early technologies like PCs and iPhones. The chapter also emphasizes the versatility, cost-effectiveness, and easy integration of language models into different applications, as well as the scalability of automation and the value they provide to individuals and small-scale users.

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