Quite an important take. Economists and their theories are outdated to measure the benefits of AI. AI is already saving people a lot of time and money that doesn’t get measured.
I just fixed my dishwasher with the help of ChatGPT. A trivial task. I had been about to order a new one. So this software has increased the country's real wealth yet decreased the measured GDP. The main economic indicator is structurally incapable of registering the thing that actually makes people better off, namely the growth of knowledge
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