| An interesting exercise, is to flip that question upside down: Assuming everyone gets access to the same quality of AI, how will rich people maintain their compounding advantages over the non-wealthy? The first way, is by having more computing resources. The same AI, but with more computing resources, is going to come up with equal or higher quality results. The second, is being able to requisition more physical resources. The same AI can help a wealthy person set up a business, by quickly acquiring physical and IP assets, or labor, vs. someone without the wealth to do that. The third, is by having better information. Small differences in information, such as having a market's trading history just a fraction of a second before someone else, can translate into a lot of economic power. Wealthy people can pay for better information, or put systems into place to get better information. The fourth, is risk tolerance. Even with an AI helping someone making choices, some choices with the highest expected return also come with the highest volatility or risk. Someone with resources can tolerate a lot of individual risks. But a low resource person will have to play it safe and forgo those opportunities. Conclusion: The efficiencies delivered by AI will intensify existing compounding effects, and the inequality those already generate. Even if AI access was somehow kept even. |