aifollow.news
Back Rohan Paul
Rohan Paul· @rohanpaul_ai · X· · Original publication time AI score27

Alex Imas: Millions of AI agents may not bring double-digit economic growthMachine translation

AI introduction

Google DeepMind Director of AGI Economics Alex Imas argues that growth could remain at 4% to 5% even with millions of AI agents. GDP measures dollars spent; if AI makes output nearly free to produce, competition could push prices down, so a surge in output may yield much less growth in dollar value.

Original post · Original

@rohanpaul_ai

Full video on "MTS" YouTube channel

https://t.co/k2h6UxFWHJ

ReplyRohan Paul@rohanpaul_ai
Millions of AI agents, and growth could still sit at 4% to 5% ~ Google DeepMind Director of AGI Economics Alex Imas "Let's say you have tons of autonomous organizations, millions of agents. There's a state of the world where you're still in like the 4% to 5% growth zone." Because, GDP measures dollars spent, not how much stuff gets made, and when AI makes something nearly free to produce, competition drives its price down. So output can explode while its dollar value barely grows, just as farming went from about 40% of GDP to 2% after automation even though food production soared. Double-digit growth would also need buyers with enough money to purchase all that output without prices collapsing. ---- Full video on "MTS" YouTube channel, (link in comment)
View this post on X ↗

Source: Rohan Paul · x.com

Opinion
Found an error? Send a correction