Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Having said all that, I'm pretty sure the algorithms for wealth generation are already in place with the many trading systems currently being used. I suspect that mining new methods of wealth generation within our current financial infrastructure is where AI will be useful and even then only for a very short time until everyone else figures it out.
Wealth = valuable things.
It is important to understand the distinction between gaming the system to put $$$ in your pocket (extraction of wealth) and the production of products and services.
it will soon surpass human intelligence by orders of magnitude
Do you understand how AI works? What it does?
AI software can complete very specific and narrow tasks better than a human can, but AI technology is nowhere near close to being a "general AI", or one that can solve problems like a wide range of problems like a human can.
And the "money generating" AI has been here for a long time. They're active every single day on Wall Street.
The OP is obviously a non-tech buzzword lover. Anyone that works in tech will tell you we are far far from having full autonomous tech and AI. Today's AI tech is nothing but buzzword used for wall street handouts. Every software out there today has bugs and requires teams of human workers to update code. An AI system will be one that runs parallel with lots of different software moving parts to encompass a fully multipurpose AI system. Today's AI can help you find information quickly but it is not self aware and capable of self maintenance .
Prosperity is based on prodigious production of surplus usable goods and services, not "free money."
Money is a medium of exchange to facilitate trade when barter is insufficient.
Under current conditions there is no correlation between the marketplace of goods and services and the money tokens in circulation. And the producers / laborers have no control over that money.
If ever a day arrives where most of our needs and wants are provided by non-human instrumentality, money is not necessary for the equitable trade and distribution.
It is important to understand the distinction between gaming the system to put $$$ in your pocket (extraction of wealth) and the production of products and services.
I keep hearing from millennials that they want everything automated and made into apps so they don't need to deal with workers or humans to get things done their way. We're getting closer to the 1% owning 90% of all wealth in this country and leaving 80% of the rest fighting for scraps.
Assuming that Earth is still around in 100 years and "Star Trek"-style replicators have not become common place, the idea the OP brings up might be more applicable then.
One of the leaders in the field of cognitive science, computers and artificial intelligence, a genius and Nobel laureate, has made the following prediction: "machines will be capable, within twenty years, of doing any work a man can do."
This prediction was made by Herbert A Simon in 1965. Oops.
One of the leaders in the field of cognitive science, computers and artificial intelligence, a genius and Nobel laureate, has made the following prediction: "machines will be capable, within twenty years, of doing any work a man can do."
This prediction was made by Herbert A Simon in 1965. Oops.
So because one person was wrong that means everyone is wrong? The technology we have now is a lot more advanced then what we had back then.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
