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cardy31 | 2 years ago

I think AI will be less like the Industrial Revolution and more like a country finding large oil reserves.

Countries with strong social institutions like Norway do an amazing job of distributing the gains from finding oil.

Countries with poor social institutions (basically all of the developing world) end up enriching a small minority with the oil money. Even Canada doesn’t do a very good job of improving the lives of its citizens with its oil money.

Given the way the Western world has been going in terms of wealth consolidation, I am not optimistic about broad segments of the population seeing the benefits of AI.

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