Artificial intelligence may not deliver on its promise of vast economic opportunity at a price that humanity is willing to pay In March, Anthropic, the cutting-edge artificial intelligence business that gave us the chatbot Claude, published an analysis on the impact of AI on employment, to help us assess the claim that intelligent robots were about to redefine human existence, ending demand for human labor. Last year in May, Anthropic’s co-founder, Dario Amodei, claimed AI could wipe out half of all entry-level jobs in one to five years. Last January, he told us AI would probably become a “general labor substitute for humans”.

In June he said we risk “a world where the economic trade-off dial is stuck on the hypergrowth, hyper-inequality setting”. Continue reading...