The public conversation about AI is shot through with hysterical fear and paranoia. We hear claims that AI will variously kill us all, ruin our society, take all our jobs, cause crippling inequality,. What explains this divergence in potential outcomes from near utopia to horrifying dystopia? Historically, every new technology that matters has sparked a moral panic; we should consider the arguments of both the Baptists and bootleggers on their merits.

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