With proper guardrails, the AI revolution could open a new era of radical prosperity

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With proper guardrails, the AI revolution could open a new era of radical prosperity
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Could AI be the great equalizer?

The shadow of Uruguayan developer Tammara Leites poses in front of a text generated by thanks to artificial intelligence ahead of the performance at the Avignon fringe festival, in Avignon on July 14, 2022. When it comes to AI, the glass isn’t just half-full or half-empty. Depending on who you ask, AI is either brimming over with unimaginable benefits, or poses a literally existential threat to all of us.for the global economy, increasing productivity by 1.5%.

That democratization of expertise will help offset the economic disruption caused by AI: if you’re getting great advice on how to find work, gain new skills, or manage your finances, you might come out ahead even if your job is impacted by new technologies. That said, we’ll still need clear guardrails to help those affected by AI — not just to ensure that AI tools operate safely, but also to manage the impact they have on individual workers.

It’s worth thinking, here, about how people responded to the Industrial Revolution. Today, we use the term “Luddite” to mean someone with an aversion to technology, but the original loom-smashing Luddites— they just wanted to see the benefits of increased productivity filter down to workers as well as to the mill-owners. It’s tempting to say that we need a new Luddite movement — not to smash AI, but to ensure its benefits are felt by everyone.

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