How can artificial intelligence raise the standard of human life?

in CryptoDog7 months ago

The idea prevails that artificial intelligence will increase unemployment rates in society and that more labor will be dispensed with, which will increase poverty rates, but there are those who have a completely different view.

The other point of view is that artificial intelligence will create a lot of wealth by working in companies and lands so that it can increase the national income, which means that every adult person in the United States, for example, gets 13.5 thousand dollars annually from the profits of the artificial intelligence business within 10 years. Years from now.

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The equation is simple, artificial intelligence works, costs decrease, revenues and profits increase, and with the sharing of these profits between the state and the citizen, every adult individual will get a share of these revenues without having a direct role in any of these businesses.

That's what Sam Altman, co-founder and president of OpenAI, a San Francisco-based nonprofit focused on artificial intelligence, thinks.

"My daily work reminds me of the scale of social and economic change that will come sooner than most people think," Altman says. "Programs that can think and learn will do more and more of the work that people do now," he says.

But governments need to respond accordingly. “If public policy does not adapt to these developments, most people will end up in a worse situation than they are today,” says Altman.

But if governments collect and redistribute the wealth that AI will generate, the massive productivity gains of AI could “make the society of the future less divided and enable everyone to share in its gains,” Altman asserts.

He believes that artificial intelligence will enable computer programs to "read legal documents" and "provide medical advice" in the next five years.

Altman explained that with the acceleration of the pace of development, artificial intelligence "will create enormous wealth" but at the same time the price of labor "will drop towards zero."

"It sounds fancy, but it's something technology can provide (and in some cases it has already provided). Imagine a world in which everything - housing, education, food, clothes, etc. - is now at half the current cost or less."

Altman stated that wealth will come from the companies occupied by artificial intelligence and the lands that it reclaims, and governments should impose taxes on capital, not labor, and these taxes should be distributed among citizens.

All citizens over the age of 18 will have an income in dollars, and by giving every citizen ownership in the national product for artificial intelligence, society will improve for everyone.

"Everyone who owns a stake in Amazon wants the stock price to go up," says Altman. "With the individual assets of individuals rising along with the state, they have a real interest in seeing their country do well."

And with this system in mind, he asserts, within 10 years, 250 million adults living in America will get 13.5 thousand dollars annually.

To get that figure, Altman estimates that the value of US companies at market value will reach $ 50 trillion and $ 30 trillion of privately owned land in the United States will double over the next decade.

He explains, “This return could be much higher if AI succeeded in accelerating growth, but even if it wasn't, $ 13.5,000 would have a much greater purchasing power than it is now, because technology would drastically cut the cost of goods and services. ... this effective purchasing power will increase dramatically every year. "

Elon Musk, the owner of Tesla, had hinted at a similar future, telling CNBC in 2016, "There is a very good chance that we end up having a universal basic income, or something like that," Due to automation. "
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Musk is also a co-founder of OpenAI, but he left the board of directors in 2018, citing the fact that Tesla has become an artificial intelligence (AI) company because it has developed autonomous driving capabilities.

Whether or not that is true, in the current political climate, it is certainly possible to debate whether lawmakers will realize such a plan, especially within a decade.

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