Mustafa Suleyman, co-founder of DeepMind, expressed concerns about AI’s impact on the labor market at the World Economic Forum.
He discussed AI’s potential to replace human jobs through efficiency gains and the creation of new processes, cautioning about significant labor market disruption.
Suleyman’s remarks align with debates over AI’s role in job automation, with some studies predicting high automation rates while others suggest AI will complement human workers.
“In the long term…we have to think very hard about how we integrate these tools, because left completely to the market and to their own devices, these are fundamentally labor replacing tools,” Suleyman said.
He also addressed the issue of “hallucinations” in generative AI systems and emphasized the need for thoughtful integration of AI tools into the economy, considering their labor-replacing capabilities and broader societal implications.
“Generative AI is an impressive technology, and it provides tremendous opportunities for improving productivity in a number of tasks. But because the hype has gone so far ahead of reality, the setbacks of the technology in 2024 will be more memorable,” MIT professor Daron Acemoglu wrote.
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