AI and Wealth Inequality

this is scary... does this mean that (given that technology) the rich and powerful will control the laws and essentially reap the benefits in uncontrolled ways?

AI will just be another accelerator for the trend that society is not run for the benefit of all people but for the benefit of a few people who are making lots of money. At some point we'll have to make a decision whether this trend of more and more power accumulating at the top can continue or whether we make rules that allow everybody to benefit from technological progress.Judging from history it's unlikely that the wealthy and powerful will give up anything voluntarily.

If you couldn’t tell, my post above was generated by the Assistant with a ‘get me a pessimistic rebuttal of the following comment’ prompt… it used arguments which I agree with, but when asked for an optimistic agreement it produces convincing rationales, too.The problem here is this technology very obviously pro-wealth concentration since I can’t see a way which in the limit doesn’t make everybody need it to stay competitive.(If you can’t tell it’s the real me, not the AI - the AI is so mu

Yes!Technology has always been about increasing efficiency. But it's always been expensive as R&D requires wealth. It makes sense that the primary benefiters of tech are the asset class who fund them.The outcome is that there are real tech contributions to society but only as side-effects to return on investment for the asset class. Eventually, the goals diverge, as the primary objective of an individual or corporation holding any amount of wealth is to increase it.The counterw

It's not just about availability (even though it is compute-limited, making it a technology only for those who have access to sufficient equipment or paying for it). Some technologies enable even more accumulation of wealth and success to the successful. AI is a prime example of that. When all the big conglomerates own all the supercomputers and have their own virtual employees, what will incentivize them to take into account the benefits of the general public?

Tech is two parts wealth extraction for every part generation.

Its the wealth redistribution people have been hoping forCant keep your assets? Someone else who can code can!Looking forward to the technocrat plutocracyI’m being facetious as I think there will continue to be a balance and cat / mouse game.

Technology innovation's highest priority has always been to move money from the middle class to the ownership class. Why so many people assume altruistic outcomes is beyond me. Why so many people see any other outcome of OpenAI then increased income inequality is beyond me.

Aren’t wealth impacts of “technological advances” significantly skewed by a supply chain designed around cheap labor abroad?

We are benefiting everyone. Technology improves the quality of life for everyone, the benefits may be concentrated right now but over time they'll be dispersed. We are freeing labor from tasks, the problem is that we are in a transition period where their new tasks are not well understood. Overall software eating the world will make everyone significantly richer.Also, as always wealth is not a zero sum game. Just because someone has 100X the wealth you do, does not mean that they stol