American Enterprise Institute reposted this
The entire thrust of the debate about generative artificial intelligence reflects an astonishing and unwarranted pessimism. My article in the current issue of National Affairs argues that recent advances in AI should generate optimism for, not fear of, the future. Yes, it will be disruptive. But workers in the United States have undergone multiple waves of disruptive technological change throughout history, and emerged better off as a result. Knowing that America's experiences with technology-driven disruption proved a net benefit should give us confidence about our ability to come out ahead of the coming AI revolution. Generative AI will continue to advance, and the world of 2034 will be different than the world of 2024 because of it. While we should be confident that AI will not cause substantial technological unemployment and will generate a net benefit for typical workers and households, we cannot be as sanguine about its disruptive effects. Public policy should smooth that disruption. The policy debate over generative AI is occurring at a high altitude because we are in the early stages of its development. But any policy changes should be guided by three broad principles, which I discuss in the article. The year 2023 will be remembered as a turning point in history. The previous year, humans and machines could not converse using natural language. But in 2023, they could. Like all technological revolutions, the AI revolution will be disruptive. But it will ultimately lead to a better world. To read the article, click here: https://lnkd.in/e_ATBCHT
