Posted 4/5/2024, 9:06:00 PM
Summers: AI Could Replace Most Jobs Within a Generation, Sparking Economic Upheaval
- Larry Summers predicts AI could replace almost all human labor within a generation, calling it the biggest economic shift since the Industrial Revolution
- Summers believes AI will eventually substitute doctors making diagnoses before replacing nurses' ability to comfort patients
- Summers made the predictions while speaking at an event in Hong Kong last week in his capacity as an OpenAI board member
- The predictions come even as the current US job market remains robust, with 303,000 jobs added in March and unemployment at 3.8%
- Summers is a prominent economist, having previously served as Treasury Secretary