The thing some people get wrong in thinking about AI is imagining the world as a zero sum system where we can only create a certain amount, and so AI creating means taking something away from people working.
This is entirely the wrong way to think about AI, and the economy generally. We should think about AI as a technology that democratizes access to some of the hardest and most complex things in the world so we can do way more. What happens as a result?
Think of all the filmmakers or writers without access to big budgets that want to produce new ideas. The scientists without extensive labs that want to do research. The marketers without 10 agencies supporting them that want to scale to more markets. The engineers without an entire team to build the next set of features or clean up their bugs.
The vast majority of potentially great work in the world is currently limited by the access to the capital or human resources that make all these things possible. And even when they do have access to those things, everything is just *slow*.
A breakthrough new drug costs billions and can be a decade of work. A blockbuster movie costs hundreds of millions and takes years to make. A marketing campaign takes millions and months to execute. And so on.
With AI, we start to unlock an ability to accelerate all of this work, and make it accessible to far more people, in a way that wasn’t comprehensible before.
And no, this doesn’t mean that everyone will start to do all of these things to point where there’s no value left. In every one of these fields there’s a very long tail of complex work and judgment requirement to produce real value. This gap will always separate consumers from producers. It just means that *more* people will be able to do these things when they’re motivated to do so.
In the process, many industries and even labor forces will expand as a result. Making a field easier doesn’t tell you anything about the ultimate curve of demand; all that matters is can that category offer more and more value for the world as it becomes more broadly available. For instance, we’ve seen a ~10X increase in the number of software engineers in the US from 1980 to 2020, and software is far more valuable today than it was then by at least 100X. Because the usefulness of software has gone up exponentially in that time period, partly as a result of how much easier we made it.
The same will be true for many other AI-enabled categories where there’s almost no shortage of demand potential, like healthcare, life sciences, coding, marketing, entertainment, education, manufacturing, logistics, legal work, and more.
AI will definitely change almost every sector as we know it, but not always in the ways some imagine.
First CSTEP Forum of the year: "Starting & Ending Strong - An Epic Finish"
Friday 2/3/23 - 12:00 @ NSEC 9-143 (Brighton Campus)
Speaker: Ms. Joann Santos, Director of STEM Enrichment Programs
LUNCH WILL BE SERVED!
Please RSVP to Ms. Graham at [email protected]
See you Friday!
NEW: Governor Cuomo has signed an Executive Order allowing New Yorkers collecting unemployment to become per diem, part-time poll workers for local or New York State Boards of Elections without impacting unemployment benefits.
More details. ⬇️https://t.co/1G7fFR6U4V
No sé si es el primero, pero la Iglesia Católica ha beatificado a un médico del Siglo XX, de bata, saco y corbata y conocimiento científico, comprometido con su sociedad y su tiempo. Un hombre de verdad, sencillo, humilde y solidario. Un venezolano, pues.
How to watch 'Graduate Together', the massive virtual graduation ceremony for the class of 2020, featuring athletes, artists, and even some former US presidents
https://t.co/YjYvP5e0yI
#CongratulationsClassOf2020#ClassOf2020#ObamaCommencement2020
My mother is not expendable. Your mother is not expendable.
We will not put a dollar figure on human life.
We can have a public health strategy that is consistent with an economic one.
No one should be talking about social darwinism for the sake of the stock market.
People of America...Important News: All my restaurants in DC area are closed until further notice. Here at @ThinkFoodGroup safety of employees & guests is too priority. Some restaurants will transform into Community Kitchens to offer to-go lunches for those who need a meal. (1/4)
An amazing story.
Look, we must all be rooting like hell for this president. We must set everything aside.
He has repeatedly failed this test, but we must hope he finds a way to succeed. Somehow.
It doesn't look like we can rely on enough people making responsible decisions. If crowded bars are going to spread coronavirus far and wide, then we need to shut them down. https://t.co/ceeQfieXty
Have our local leaders sent a firm message to you young adults yet?
I see zilch on the social feeds.
I want to see a firm, urgent, related call-out.
“We said you could go to bars and restaurants on Thursday. We were wrong. You are the kindling for this fire. Stay the F home.”
What we do next will have a massive impact on the trajectory of this virus in New York.
We can only maintain public health by STAYING APART.
The decision each of makes now will impact us all tomorrow. STAY HOME.