Stanford Graduate School of BusinessImportance of Weak Links to AI Growth: Christopher Tonetti, Stanford GSB
Stanford Graduate School of Business
Automation drives growth 0:01
Productivity growth matters for overall growth, but the source of it is not always clear. Here, automation means replacing people with machines or other capital in production. The point is that, over recent decades in the US, much of productivity growth has come from that shift.
Weak links slow AI 1:01
Weak links are the small set of tasks you are worst at, and they can limit output. Because AI is strong in some areas and weak in others, rapid gains in output may take decades rather than a few years. That gives time to adapt to labor market disruption.
Risks and adoption 2:02
More automation does not automatically mean labor gets a smaller share of income, since a smaller set of essential tasks can still earn a lot. The bigger near-term worry is that AI’s harms, like cyber attacks and bio attacks, may come before its gains. Adoption will also be shaped by old barriers such as institutions, culture, organization, and property rights.
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