Me, Myself, and AI AI Hype and Skepticism: Economist Paul Romer
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May 14, 2024 Economist Paul Romer discusses AI innovation and the economics of ideas. He advocates for human involvement in technology advancement and emphasizes meaningful AI use in education. The podcast explores the real potential of empowering individuals through AI, the pitfalls of overestimating AI progress, and the impact of AI on education for all students.
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Revolution is Sensors, Not AI Alone
- The major revolution today is sensor and device technology, not AI alone.
- AI that simply replaces humans completely, like autonomous vehicles, is overhyped and likely to disappoint.
Humans Remain Essential with AI
- AI progress is rapid but full human replacement by AI is unlikely soon.
- Humans will remain essential in the loop, even as AI improves in cognitive tasks.
Social Acceptability Limits Autonomous Vehicles
- Autonomous vehicles face tough challenges beyond capability, including social acceptance.
- Even safer AI vehicles may not be socially acceptable if they cause fatalities.