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Tech to Alter the Economy

Arthur Hanson

Active member
The coming to prominence of developments in AI/ML over the next eighteen months is going fundamentally change traditional economics and the world economy. If AI/ML and the automation the bring on can overcome the regulatory and special interest barriers, many of the fundamental rules governing traditional economics will go out the window. For the first time we will not be automating manual labor but mental pursuits which will lend themselves to much larger percentage changes than automating manual labor. The latest chip made by TSM for Cerebras looks to open up a whole new frontier in processing power with 400,000 cores on a single chip when combined with advanced memories like 3dXpoint and using a GAN AI structure will take mental productivity up by thousands of percentage points. This has been demonstrated by Micron, where a GAN AI programmed itself in just three hours with just the rules of chess, when human programmers took several weeks.

This level of productivity increases in mental tasks is going to open up whole new frontiers, especially in fields like medical, where sixty percent of a doctor's time is spent on diagnostics. Already in an increasing number of medical areas, AI enabled devices have been able to out diagnose even some of the best doctors in a small fraction of the time. AI/ML will start to feed on themselves in a compounding chain reaction that we are just beginning to see. The only factor to take into account is the power of special interests to stymie and block progress, which should not be underestimated. Adaptive education also has already proven to vastly improve education by tailoring education to each individual students learning attributes. The effect of adaptive education and training is just in its early stages and has already shown the capacity to improve the productivity of education by thousands of percent. Sal Khan of the Khan Academy and Mark Benioff of Salesforce with the Trailhead program have already proved this by dramatically lowering the cost and time of education/training on a large scale. With the new developments in processing and memory taking the world into true AI/ML on a massive scale we are going to see many of the traditional structures of personal lives, politics, education/training and business changing the traditional economic structures of the economy in a way and speed most can't even imagine, let alone comprehend. Special interests will be the greatest danger to our future accelerated progress we so desperately need to solve the challenges before us and prosper. Those organizations that learn to maximize their human capital and those they come in contact with will win the race.

The only reason for a recession is for special interests to block the progress we so desperately need. Comments, thoughts and additions solicited and valued.
 

Portland

Member
It's happening to a company that I've worked at for 2 years now. They're changing the coloring unit to ai, the work go faster and cause less waste but you still need a person to do quality control. When computers mess up they really mess up. The strong get stronger and the weak get weaker. A lot of companies in the industry that aren't keeping up or don't outsource the labor to are going away.
 
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