philip lelyveld The world of entertainment technology

27Jul/26Off

‘Decoupling of income from labour’: Are we on the cusp of an AI-fuelled ‘age of abundance’?

... The only debate now is about the scale and speed of the economic shock on the horizon, who’s going to lose their jobs — and whether you think any of this is a good thing, not that you have a say one way or another.

“The future is going to be very, very different from the past and there is no analogy or metaphor that illustrates the magnitude of change we’re going to experience here,” Elon Musk said this week.

Speaking to The Economist in his first sit-down interview since SpaceX’s blockbuster IPO, the world’s first trillionaire offered the maximalist techno-optimist view of AI.

He believes that within just a few years, artificial intelligence will exceed human intelligence, there could be as many as one billion humanoid robots, and an AI-fuelled “age of abundance” will make cash meaningless. ...

“We’re moving from machines that answer questions to machines that participate in society,” he said.

“That’s a much bigger transition than generative AI.”

See the full story here: https://www.news.com.au/finance/work/at-work/decoupling-of-income-from-labour-are-we-on-the-cusp-of-an-aifuelled-age-of-abundance/news-story/7d680a5e720187d010c0dab223d63d7d

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