Google’s AI technology could further entrench online search monopoly: lawmakersThe former is ahistorical, the latter science fiction.
And the order’s endorsement for the Lina Khan-led Federal Trade Commission to increase its AI focus raises huge overreach concerns considering the FTC’s broad powers and Khan’s ideological eagerness to use them against America’s biggest tech companies. Output per worker is the most important factor affecting the rise in long-term living standards. And tech progress is the most important factor affecting output per worker.Yet if you listen to experts from Silicon Valley technologists to Wall Street economists, AI has the potential to supercharge productivity growth and generate a Great Upshift.
We don’t want to get regulation wrong. And given how early it is — ChatGPT was released by OpenAI only last November — it remains unclear exactly which problems are the biggest ones and how they should be dealt with.
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