The Reith Lectures cover image

The Reith Lectures

AI in the economy

Dec 15, 2021
58:04

Podcast summary created with Snipd AI

Quick takeaways

  • AI threatens jobs and requires new social-economic arrangements and education systems to prepare for a future where AI performs most work.
  • AI lacks the subjective experience and emotional underpinning of human creativity, highlighting the importance of maintaining a balance between AI and human skills.

Deep dives

The Impact of AI on Jobs and the Economy

Stuart Russell, an expert in artificial intelligence, explores the impact of AI on jobs and the economy in his lecture. He discusses the long-standing debate on whether AI will lead to the end of work and argues that technological unemployment is possible. He also highlights the direct and indirect effects of technology on employment, using the example of house painters. Furthermore, Russell emphasizes the need to develop new social-economic arrangements and rework education systems to prepare individuals for a future where AI performs most of the work. He discusses the potential benefits and drawbacks of a universal basic income and debates whether the end of work is a positive or negative outcome. Russell concludes that humans may need to focus on interpersonal services and perfecting the art of life itself to find fulfillment and purpose in an AI-driven economy.

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