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"The price of many goods will eventually fall dramatically (right now, the cost of intelligence and the cost of energy constrain a lot of things), and the price of luxury goods and a few ...
My own research shows that the effect of the suite of AI technologies is more likely to be in the range of about 0.5%-0.6% increase in U.S. TFP and about 1% increase in US GDP within 10 years ...
The report also asserts that generative AI is both altering the current scope of existing human rights risks associated with digital technologies (including earlier forms of AI) and has unique ...
Artificial scarcity is scarcity of items despite the technology for production or the sufficient capacity for sharing.The most common causes are monopoly pricing structures, such as those enabled by laws that restrict competition or by high fixed costs in a particular marketplace.
The AI effect is the discounting of the behavior of an artificial-intelligence program as not "real" intelligence. [1]The author Pamela McCorduck writes: "It's part of the history of the field of artificial intelligence that every time somebody figured out how to make a computer do something—play good checkers, solve simple but relatively informal problems—there was a chorus of critics to ...
Consumer interests can also serve consumers, consistent with economic efficiency, but this topic is treated in competition law. Consumer protection can also be asserted via non-government organizations and individuals as consumer activism. Efforts made for the protection of consumer's rights and interests are: The right to satisfaction of basic ...
Authoritarian capitalism, [1] or illiberal capitalism, [2] is an economic system in which a capitalist market economy exists alongside an authoritarian government.Related to and overlapping with state capitalism, a system in which the state undertakes commercial activity, authoritarian capitalism combines private property and the functioning of market forces with restrictions on dissent ...
‘Copper is the new oil,’ and prices could soar 50% as AI, green energy, and military spending boost demand, top commodities analyst says Jason Ma May 19, 2024 at 12:39 PM