To be sure, generative AI’s capabilities far exceed anything that the industry has produced before. But that does not mean that the industry’s expected timelines are correct. AI developers have an interest in creating the impression of imminent revolutionary breakthroughs, in order to stoke demand and attract investors.
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Daron Acemoglu
Institute Professor of Economics at MIT; Nobel laureate in economics
In a November 2024 Project Syndicate commentary, Daron Acemoglu wrote that generative AI's capabilities far exceed anything the industry has produced before but that this does not mean the industry's expected timelines are correct, and that even a slower pace of progress is cause for concern given deepfakes, voter and consumer manipulation, mass surveillance, and large-scale automation.
Nobel laureate in economics and Institute Professor of Economics at MITPublished November 29, 2024 · date of remarks not establishedThe World Needs a Pro-Human AI Agenda
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Featuring insights from Cristina Enache, Brooke Harrington, James Livingston, Michael Madowitz, Ann Pettifor, Matt Simonton, and Quinn Slobodian. Subscribe and save 30% To be sure, generative AI’s capabilities far exceed anything that the industry has produced before. But that does not mean that the industry’s expected timelines are correct. AI developers have an interest in creating the impression of imminent revolutionary breakthroughs, in order to stoke demand and attract investors. But even a slower pace of progress is cause for concern, given the damage that AI can already do: deepfakes, voter and consumer manipulation, and mass surveillance are just the tip of the iceberg. AI can also be leveraged for large-scale automation, even when such uses make little sense. We already have examples of digital technologies being introduced into workplaces without a clear idea of how they will increase productivity, let alone boost existing workers’ productivity.
What this quote does not say
- This qualifies capability timelines and scale. It is not a retraction of his 2023 endorsement of a pause, and the same commentary argues the deeper problem is the industry's 'fixation on AGI' rather than AGI itself.
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