OPINION :
''' THIS A.I. THAT '''
GREATEST SOCIAL CHANGE - MANKIND - can ever, ever conceive, is afoot. The World Students Society - the eternal and exclusive ownership of the students of the world - believes in artificial intelligence - but it needs superb regulation.
It goes to reason that major technological change produces major social change. So, many thanks to artificial intelligence, we are on the brink of a productivity miracle capable of radically improving people's lives - but only if we act now to prevent A.I.'s worst impacts.
BRIDGEWATER, the asset management firm we lead, has believed in and invested in A.I. for years, reshaping the firm to harness as much from A.I. as we can.
This means we will be disproportionately subject to the taxes and regulations that we recommend here. We make these recommendations anyway, and implore policy makers to move them forward with haste.
We have a short window to ensure we protect human work and give every citizen a stake in A.I. success. Without these actions, the benefit of A.I. are unlikely to be fully realized.
In order to achieve progress that is both consistent and sustainable, two things are required from A.I. policy. We must make society resilient to disruption and we must avert technological catastrophe.
Failing to accommodate either of these goals means failing to achieve the promise of A.I.
Whether a productivity boom ends well depends on whether government holds society together while it happens, sustaining a sense of fairness and shared destiny. When wealth concentrates and disaffection spreads, booms end badly.
Look no further than the rise of Communism and fascism after the Industrial Revolution, or the popular backlash to globalization we are living through now.
Much is unknown about exactly how A.I. disruption will play out. But the potential is huge. Our internal Bridgewater analysis suggests that 18 percent of current American jobs could be displaced by A.I. in the next five years.
And even though some new jobs will be created - perhaps those where human relationships are integral to the value of the work, like nursing or hospitality - disruption from the societal transition is extremely likely regardless.
Governments must act before the inevitable backlash fully arrives at this A.I. driven labor displacement, not after.
Tax policy must stop disincentivizing human labor over machine labor. Because only human labor is taxed, the scale is tipped toward substitution. A consumption tax on A.I. tokens may flip this script.
TOKENS are the units of data an A.I. model reads, processes and generates. When companies use enterprise versions of A.I. models, they must pay for each token. The price of a token is the closest thing to a wage paid for machine labor.
Details for a token consumption tax will need working out, including how to measure token consumption across different A.I. models, mitigating opportunities for tax evasion and covering firms that replace domestic workers with overseas models.
None of those questions means we should wait. Revenues raised by a token tax can further lower income taxes on humans. And it could be used to help fund a program to acquire stakes in A.I. companies to share with all citizens.
That dynamic would push companies to think more carefully about how to make the best use of the costs of computational resources and steer A.I. toward productive uses instead of '' slop.''
The Honour and Serving of the Latest Global Operational Research on A.I., Regulations, and the Global Marketplace, continues. !WOW! thanks Greg Jensen and Nir Bar Dea.
With most respectful dedication to the Policy Makers, and then Students, Professors and Teachers of the world.
See You all prepare for the great '' Constitutional Democratic Convention '' on The World Students Society : wssciw.blogspot.com Twitter X !E-WOW! - The Ecosystem 2011 :
Good Night and God Bless
SAM Daily Times - The Voice Of The Voiceless
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