An Obama official says the biggest threat from AI is that we won’t invest enough in it

In 2014, the Pew Research Center asked a panel of 1,896 experts if artificial intelligence would destroy more jobs than it created within a decade. The answer, including responses from Google’s chief economist and MIT computer scientists, was definitive: they have no idea (pdf). The group came down almost 50-50 on both sides of the argument. What’s virtually certain is that AI will cause upheaval in the labor markets. And the best way to combat that may be more of the same. The last 200 years of technological revolutions have taught economists that job creation and destruction go hand in hand. When technologies such as the internal combustion engine, electrification, and information technology were embraced by the market, new jobs were generated as fast as old ones disappeared for the…


Link to Full Article: An Obama official says the biggest threat from AI is that we won’t invest enough in it