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The A.I. Dilemma: Growth versus Existential Risk

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  • Jones, Charles I.

    (Stanford U)

Abstract

Advances in artificial intelligence (A.I.) are a double-edged sword. On the one hand, they may increase economic growth as A.I. augments our ability to inno- vate. On the other hand, many experts worry that these advances entail existen- tial risk: creating a superintelligence misaligned with human values could lead to catastrophic outcomes, even possibly human extinction. This paper considers the optimal use of A.I. technology in the presence of these opportunities and risks. Under what conditions should we continue the rapid progress of A.I. and under what conditions should we stop?

Suggested Citation

  • Jones, Charles I., 2024. "The A.I. Dilemma: Growth versus Existential Risk," Research Papers 4179, Stanford University, Graduate School of Business.
    • Handle: RePEc:ecl:stabus:4179
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    File URL: https://www.gsb.stanford.edu/faculty-research/working-papers/ai-dilemma-growth-versus-existential-risk
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    Cited by:

    1. Sandrini, Luca & Somogyi, Robert, 2023. "Generative AI and deceptive news consumption," Economics Letters, Elsevier, vol. 232(C).
    2. Jonathan Adams & Min Fang & Zheng Liu & Yajie Wang, 2024. "The Rise of AI Pricing: Trends, Driving Forces, and Implications for Firm Performance," Working Paper Series 2024-33, Federal Reserve Bank of San Francisco.

    More about this item

    JEL classification:

    • J17 - Labor and Demographic Economics - - Demographic Economics - - - Value of Life; Foregone Income
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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