AI: The Double-Edged Sword of Progress
What if AI's promise of prosperity comes with a 1% annual chance of doomsday?
Economist Charles Jones explores AI's potential for unprecedented growth versus its existential risks. AI could exponentially increase global incomes but also carries a significant danger.
For example, if AI spurred a 10% annual growth rate, global incomes could increase 50-fold over 40 years. However, if there’s even a 1% annual risk of AI causing catastrophe, is it worth it?
Jones' models suggest people might accept a one-in-three chance of AI-induced apocalypse for a 50-fold income boost. Should we gamble our future for prosperity, or is the risk too great?
Read the full article on Insights by Stanford Business.
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