MIT Technology Review Narrated How to fine-tune AI for prosperity
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Jan 1, 2025 Generative AI is reshaping industries, yet its true impact on productivity remains uncertain. Experts discuss the challenges and potential of AI in scientific research, highlighting innovations like Alpha Fold. There's a focus on how AI could drive economic growth if industries adapt effectively and overcome skepticism. The conversation underscores the importance of customized AI solutions and the role of supportive policies in fostering this technological revolution. Can AI really lead to renewed prosperity? The answer is complex, but possibilities abound.
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Productivity and Wealth
- Productivity growth, driven by innovation and technology, increases national wealth.
- Higher productivity leads to increased wages, profits, and economic expansion.
Productivity Growth Trends
- US labor productivity grew significantly during the internet boom, exceeding 3% annually.
- However, since 2005, productivity growth has been dismal across advanced economies.
Silicon Valley's Missed Opportunity
- David Rotman's 2016 article criticized Silicon Valley for prioritizing social media over essential industries.
- This focus, while financially lucrative, contributed to sluggish productivity growth and social unrest.