AI and automation may reduce manufacturing costs but also may increase unemployment. What other benefits/opportunities and negative effects could Automation and Artificial Intelligence may have on the economy?
Thanks!
Dear Martin E. ,
Artificial intelligence (AI) and the automation it enables will significantly disrupt the global economy
For more details and information about this subject, i suggest you to see links on topic.
Think You Know How Disruptive Artificial Intelligence Is? Think Again
https://www.forbes.com/.../think-you-know-how-disruptive-artifici...
Artificial Intelligence, Automation, and the Economy - Duke SciPol
https://scipol.org/.../artificial-intelligence-automation...economy.../...
How Artificial Intelligence Enables the Economics of Abundance
https://medium.com/.../artificial-intelligence-and-the-economics-of...
Best regards
With respect to AI, and as long as we wish to be fair and impartial to our social judgement, we should endeavour to use models produced by AI / ML that are humanly interpretable in order to correct biases. Thus, humans will not have to fear AI as far as jobs are concerned. It is merely yet another tool to use in order to make judgements...
Thanks Michael Short , I agree there are more implications additional to economic aspects, and perhaps as important, e.e. societal aspects and ethics, etc.
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