
Keen On America
Episode 2285: Toby Walsh on the revolutionary promise and peril of AI in 2025
Dec 27, 2024
Toby Walsh, a prominent Professor of Artificial Intelligence at the University of New South Wales, shares his insights on the imminent AI revolution. He predicts that 2025 will mark a pivotal year for job losses due to smart machines and urges governments to address the consequences of rapid tech advancement. Walsh discusses the speculative nature of AI investments, the evolving regulatory landscape across the globe, and the potential of AI to transform industries like entertainment and warfare, all while emphasizing the irreplaceable value of human creativity.
51:57
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Quick takeaways
- In 2024, AI investments surged to $1 billion daily, prompting concerns about potential monopolies and the need for antitrust regulations.
- Toby Walsh warns that by 2025, the impact of AI on job losses will be quantifiable, necessitating increased governmental regulation.
Deep dives
Massive Investments in AI
In 2024, significant financial investments in artificial intelligence reached unprecedented levels, with approximately $1 billion being spent daily. This staggering investment represents 20% of the world's total research and development spending. Although some critics express concerns about reckless spending, it is suggested that many of these investments will yield returns in the long-term, similar to the lessons learned from the dot-com boom. Speculative investments are considered necessary to build the foundational infrastructure for future AI developments, even if not all investment ventures will financially succeed.
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