#29 – Phil Trammell on Economic Growth under Transformative AI
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The Importance of Research in Endogenous Growth
AI systems are increasing labor augmenting technology, but robots are themselves doing the labor and getting more productive. So you see how this could sort of spiral out of hand. This is a whole recursive self-improvement idea, just in a language of economists. And if AI can speed up that process, that's a whole new path to growth, right?
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