1 Minute AI News: AI Deflate

Will AI create 'Deflate'?

Business Week:

https://www.businesstoday.in/technology/news/story/ai-should-be-hugely-deflationary-over-25-years-openai-investor-vinod-khosla-predicts-impact-of-ai-on-economy-410953-2023-12-27

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Transcript

01.02.2024

What effects will AI have as we march down this digital road?

Fun and exciting and a little scary in the short-term.  Sort of like the internet a few years ago, or electricity even farther down that reflective path.

But what if we go ‘up’ the road, say, 35 years?

In a recent article in BusinessWeek, Vinod Khosla, an early ChatGPT investor, thinks all this AI will fundamentally change the economy … like a leaky balloon at your young nephew's birthday party.

https://www.businesstoday.in/technology/news/story/ai-should-be-hugely-deflationary-over-25-years-openai-investor-vinod-khosla-predicts-impact-of-ai-on-economy-410953-2023-12-27

Zero interest rates.  Shrinking economic scale.  New economic measures - as the old ones won’t measure up.  

Or down. 

Hold on … that change is here.

And Rock and Roll is dead.

More later …