A big boss from a company that makes smart computers said we don't know yet how much these smart computers will change our lives and jobs. Some people think it will happen soon, but this boss says it might take many years to see the full effect. Other smart computer leaders agree with him. They say we might be surprised by how different everything will be in 10 years because of smart computers. Read from source...
- Lightcap's humorously remarked that reshaping the economy within a year would be a tall order is an understatement. Reshaping the economy in such a short time frame is impossible and unrealistic. The AI technology itself takes years to develop and deploy, let alone its impact on society and labor market.
- Delangue's statement that we are probably going to overestimate this technology in the short-term is also an understatement. It is not just a matter of overestimation, but rather hysteria and unchecked expectations. The media and public have been fed with sensationalized stories of AI replacing humans, creating new jobs, solving global problems, etc. without any evidence or rational analysis.
- Both Lightcap and Delangue seem to be stuck in a binary view of AI's impact on the economy, as if it were a zero-sum game between humans and machines. They fail to acknowledge the possibility of coevolution, where AI augments human capabilities and creates new forms of value and productivity that are not comparable to the traditional sectors and metrics. They also ignore the ethical, social, and environmental implications of AI development and deployment, which may have profound consequences for humanity and the planet.
Neutral with a slight lean towards bearish.
Explanation:
The article discusses the current and potential future impact of AI on the economy, highlighting that while there has been some excitement and hype around its capabilities, the actual effects have been more subtle and not as transformative as initially anticipated. The speakers at the event acknowledge the long-term disruptive potential of AI, but also express skepticism about reshaping the economy within a year or even in the short term. They suggest that it will take time for the full ramifications of AI to materialize and be felt across various sectors.
The sentiment is neutral as it presents both sides of the argument - the current subtle impact and the long-term potential of AI. However, there is a slight lean towards bearish as it emphasizes the challenges and uncertainties in predicting and achieving immediate economic impact from AI technologies.