Yves here. See, your intuition about artificial intelligence has been confirmed! But how could it not have been, at least by someone independent? First “artificial intelligence” means getting rid of humans. We live in a neoliberal system, after all! We’re seeing it already in knowledge businesses like the law, where a lot of what used to be yeoman work for young attorneys to learn their trade is now performed by software. Second, the people hyping its benefits have been Silicon Valley members or adjacent. Rather a big tell, don’t you think?
By Anton Korinek, Associate Professor of Economics, Darden School of Business of the University of Virginia and Joe Stiglitz, Professor of Economics, Columbia University. Originally published at the Institute for New Economic Thinking website