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- AI and the Economy
- Posted 3 years ago
A primer on how popular AI models work and their current limitations
Artificial intelligence tools are becoming more and more ubiquitous with each passing week. The development of ChatGPT-3.5 in particular launched conversations about the capabilities of AI into the mainstream. Since then, news stories and speculation about AI supplanting (and sometimes replacing) human workers continue to be released. The economics of AI is, as a result, becoming an important topic in our field.
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- AI and the Economy
- Posted 3 years ago
AI supports the case to introduce a Universal Basic Income (UBI)
One of the key features of the global economy is that it tends to grow over time. In fact, that growth has become something of an expectation in the modern capitalist system, where the success of corporations is often judged by their growth, even over relatively short time horizons.
The Site for Economists
