Many recent advances in artificial intelligence have focused on outmatching human abilities in specific use cases, for example: image recognition, driving, or language generation. Although such capabilities may increase economic growth, these technologies may also undermine the labor market prospects of humans.
On November 2, Anton Korinek, a David M. Rubenstein fellow at the Center on Regulation and Markets in the Brookings Economic Studies program, held a fireside chat with Erik Brynjolfsson, the Jerry Yang and Akiko Yamazaki Professor and senior fellow at the Stanford Institute for Human Centered AI and director of the Stanford Digital Economy Lab. They discussed the perils of focusing AI development on systems that outmatch human capabilities as opposed to systems that complement humans—a phenomenon that Brynjolfsson calls the “Turing Trap.” The two also discussed how to measure welfare effects of progress in AI more comprehensively than traditional GDP statistics, and the implications of foundation models—the latest class of AI systems—for our economy and society.
Erik BrynjolfssonDirector - Stanford Digital Economy Lab,Jerry Yang and Akiko Yamazaki Professor and Senior Fellow - Stanford Institute for Human Centered AI