What impact will AI have on jobs and the economy? (with Anton Korinek)

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Read the full transcript here. • Could AI trigger an economic break as large as the Industrial Revolution, or even larger? What changes when labor stops being the main bottleneck in production? If intelligence becomes reproducible like software, what happens to the structure of an economy? How should we think about a world where capital captures what labor once did? Does faster growth necessarily mean better lives, or only more output? How should economists model an economy when software begins to substitute for minds? Are current production functions adequate for a world of autonomous systems and robotics? Why do small shifts in annual productivity matter so much once compounding takes…