Ed Broussard is the co-founder of Tomoro.AI. (Tomoro Ai)
Over the next 30 years, artificial intelligence will cause profound changes in the way we live, akin to the transition between hunter-gatherers and today's digital economy, top AI experts claim.
In the process, the global economy will be transformed and what we take for granted today will change beyond recognition, said Ed Broussard, co-founder and managing director of Tomor.ai.
Tomoro.ai is working with OpenAI, creators of ChatGPT, to create AI “agents” that work alongside humans as “synthetic employees.” Broussard was previously a co-founder of Mudano, a fintech AI company acquired by Accenture in 2020.
Broussard is optimistic about the future and believes AI could usher in an era of leisure where people work three or fewer days a week, but the transition won't always be smooth and he believes that It warns that the global economy could improve in the process. upside down.
What can AI do for the global economy?
Broussard says that the concentration of computing power needed to power AI will result in huge amounts of money going to a small group of companies.
This, in turn, could mean the world needs to rethink what work means and how taxes work.
Could artificial intelligence disrupt the global economy? (Getty)
“A utopian AI future is not necessarily the default path,” Broussard said. “AI is computationally intensive work, which means you need very powerful computers to build successful AI. “The companies with the most computers will almost inevitably produce the most powerful AI.” A.I.
“There are fewer than 10 companies in the world that can truly win in this space with access to computer chips, capital (billions of dollars), and talent. AI is the biggest utopia ever, as humans move forward.” A world of abundant productivity, or one in which over time almost all knowledge work is performed by or augmented by a small number of large corporations, has the potential to promote redistribution of wealth, to a world where the greatest wealth is shrinking. ”
How will government function in the age of AI?
According to Broussard, the economic issues surrounding AI are not just about market competition.
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He said: “AI doesn't live in countries, so as more productive jobs shift from humans to AI, we'll need to completely rethink how we tax.”
“As we become less dependent on human economic productivity, we may need to consider ideas like universal basic income, but if governments cannot tax AI, who will pay for it?” Does everyone on Earth expect Microsoft or Nvidia to pay them a basic income?
“Ultimately, humans are highly resilient and we will create new models for society, taxation and business to operate in a post-AI world.The key will be for individuals, businesses and governments to , to face the opportunity to reinvent the world for the better.”
“Don't think of this AI revolution as analogous to the changes brought about by the internet; it's much bigger than that. It's like change.The next 30 years will be a constant state of change.''The evolution of human society. ”
What will AI bring to our daily lives?
Broussard believes that there is much to be optimistic about in our daily lives and in terms of human knowledge.
He said AI will bring a new era of leisure to humanity and promote scientific progress.
“We are only in phase one of the AI revolution, but we are already seeing research showing that standard AI chatbots, such as ChatGPT, improve people's work by 40%. When customized and incorporated into large enterprises, even conservative estimates would suggest a 100% improvement in productivity, approximately every two years. It is equivalent to doing so.”
Analyst Goldman Sachs predicted that AI could lead to a $7 trillion boom this decade, boosting global GDP by 7%.
Can a person really work three days a week?
Broussard believes that productivity gains from AI could lead to a future in which humans work much less time.
“If productivity increases by 1,000% over the next 10 years, which is equivalent to working one day every two weeks to produce the same amount of output as we do now, it could change what it means to live a life,” he said. People's working hours should be separated from the output they can produce. We may end up working three days a week or less. Spend some time and enjoy a completely different standard of living.”
“Not only that, but scientific progress will be faster and more important. With about 30 years left to solve climate change, AI models will greatly improve productivity and help scientists Suddenly we are approaching 300 years of scientific progress, providing new tools to perform simulation and analysis.”
