OpenAI, Google researchers warn AI will transform economy faster than the Industrial Revolution
Nobel laureates are among the experts, too.
Jack Clark, Cofounder and Head of Public Benefit for Anthropic PBC. Kevin Dietsch/Getty.
- Over 200 experts warn AI could trigger a larger economic shift than steam or electricity but compressed into "only a few years" instead of decades.
- Researchers say governments cannot improvise strategy mid-transformation, warning that "waiting for certainty means arriving too late."
- Signatories include OpenAI CFO Sarah Friar, Google DeepMind Chief Scientist Jeff Dean, Anthropic co-founder Jack Clark, and 15 Nobel laureates including Daron Acemoglu.
- Statement demands immediate development of institutions and policies to navigate risks like mass job displacement and ensure AI benefits society.
Key Takeaways by nexos.ai, reviewed by Cybernews staff.
More than 200 researchers and economists, including 15 Nobel laureates and researchers at OpenAI, Anthropic and Google, have called for governments and technology leaders to urgently create policies and institutions to address the economic impact of AI.
The statement has called for deeper research on AI's economic impacts and to start building policies and institutions required to ensure the technology benefits society and to navigate risks such as large-scale job displacement.
"Steam, electricity, and computers each gave societies decades to adapt. AI may give us only a few years," said Anton Korinek, professor at the University of Virginia.
Stay updated with our latest stories and follow us on social media
Be the first to discover new stories, ideas, and updates from our team.
"We cannot improvise our strategy and institutions in the middle of the transformation; waiting for certainty means arriving too late."
Korinek, who joined Anthropic's economic research team in March, organized the initiative with fellow economists Erik Brynjolfsson, Ajay Agrawal and Tom Cunningham.
Its signatories include OpenAI finance chief Sarah Friar, Google DeepMind Chief Scientist Jeff Dean, Anthropic co-founder Jack Clark and people on the economics research team at the Claude chatbot maker.
Nobel laureates Michael Spence, Daron Acemoglu and Simon Johnson, among others, also signed the statement.