The article discusses the views of economist Anton Korinek on the potential risks and societal impacts of advanced artificial intelligence (AI). Korinek argues that AI poses existential risks to humanity and should be regulated like a nuclear reactor. He believes that AI systems could become so powerful that they surpass human intelligence, leading to unintended consequences. Korinek advocates for a “AI Governance” framework to mitigate these risks, including measures such as slowing down AI development, limiting the capabilities of AI systems, and ensuring human oversight. He also suggests taxing AI companies to fund research into AI safety and compensate for potential job losses. The article highlights Korinek’s concerns about the concentration of power in the hands of a few AI companies and the need for international cooperation to regulate AI. It also explores the counterarguments from those who believe that regulating AI could stifle innovation and that the benefits of AI outweigh the risks.
Source: https://time.com/6966882/economist-ai-transformation-society-anton-korinek/