“What we do know from economics, is that trajectories of tec...

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  "tags": [
    [
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      "AI"
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    [
      "t",
      "Economics"
    ],
    [
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    [
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  "content": "“What we do know from economics, is that trajectories of technological development are often associated with increasing returns. In other words, when you choose a path, it may become self-reinforcing.”\n[…]\n“…innovation does not happen in a vacuum, but in the context of institutions, which can systematically affect winners and losers. Those institutions are themselves path dependent.”\n[…]\n“AI’s development is being steered, right now, by a small self-selecting group of business leaders and investors. Do their interests reflect the general good?”\n[…]\n“The actual choice is not between some undifferentiated path to “technological progress” and its wicked, envious or misguided opponents. The choice is between different paths to progress, and the live question is which groups or structures are best suited to identify better paths, and avoid worse ones, and (much more ambitious; not the topic of this post) to figure out mechanisms of self-correction when things go screwy.”\n\n\n#AI   #Economics  #Politics   #Institutions\nhttps://www.programmablemutter.com/p/the-acemoglu-wars-are-all-about-ai",
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