McHugh David: Artificial intelligence could be devastating without a buffer

If there is anything to be said for change, it is a necessary part of evolution and adaptation. Change is, usually, a required piece of advancing the puzzle that is the human condition. There are, however, some changes which come too rapidly, or disrupt markets in such a way that they cause more harm than good. Enter artificial intelligence. In a recent article from ‘The Economist’, a British economics magazine from the guys who – as they tell it – coined the phrase ‘supply and demand’, eventually come to tout the emergence and acceptance of artificial intelligence. In fact, they dedicated the front page to it. The arguments were sound and hinged on two separate pieces – increased quality of life, and a comparison between the disruptive change artificial intelligence…


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