AI Risk #4: Will AI Lead To Crippling Inequality? - Deepstash
AI Risk #4: Will AI Lead To Crippling Inequality?

AI Risk #4: Will AI Lead To Crippling Inequality?

What if the owners of AI reap all the economic rewards & regular people get nothing?

This is an old Marxist argument: the owners of the means of production would inevitably steal all societal wealth from the people who do the actual work.

The flaw in this theory is that, as the owner of a piece of technology, it’s not in your own interest to keep it to yourself. The opposite is true: it’s in your own interest to sell it to as many customers as possible. Because you get more money by selling to more people on lower prices. Tesla started as car for rich people, now it's the best selling car in US.

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vladimir

Life-long learner. Passionate about leadership, entrepreneurship, philosophy, Buddhism & SF. Founder @deepstash.

Mark Andreessen packs so much in this rebuttal of AI doomerism. A pleasure to read.

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