Read enough about AI and two givens emerge: it’s the most constructive thing to ever exist… and also the most destructive.
Here’s the latest on AI’s capricious ways.
Giveth: More money to those who haveth
Economist Yingying Lu
- As AI replaces labor, the working class (and unions) hold less leverage.
- Capital-rich institutions, meanwhile, wield more power.
Further, governments’ power to redistribute wealth could diminish as labor reductions shrink tax bases.
Taketh away: The era of supersized companies
AI-driven automation reducing headcounts shouldn’t surprise you — it’s
But there’s another way AI could shrink company sizes:
- Take OpenAI for instance: The ChatGPT maker shifted society with only ~375 employees. (Quite a different model from Meta’s ~66k-person workforce.)
Giveth: Improved vaccines
Baidu Research scientists
The tool has only been tested for covid and shingles in mice so far, but antibody response has been encouraging.
Taketh away: Any doubt who America’s sweetheart truly is
Snoop Dogg isn’t an AI expert; he
On investing in AI, the rapper said: “I’m like, are we in a fucking movie right now, or what? The fuck, man?… Shit, what the fuck? I’m lost. I don’t know.”
But give the man credit: He distills the feelings of this dizzying AI moment perfectly.
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