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AI threatens to widen the inequality gap.
A new survey suggests that AI will only help the rich get richer. “The rhetoric out there is that the tools are going to be democratizing. But the reality is that . . . you require a certain degree of education, abstract and quantitative skills, familiarity with computers and coding in order to be using the models,” said MIT professor Daron Acemoglu, who’s also a Nobel laureate in economics. “AI is going to increase inequality between labour and capital. That is almost for sure. I would say it is setting us up for a . . . shitshow.”
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