Comment by Daron Acemoglu

AGI is generally understood as an AI system that can match or exceed human capabilities on most economically valuable tasks. In such a world, the automation of work would not be limited to specific industries or routine jobs. Instead, machines would ...

Many leading companies are engaged in a single-minded pursuit of artificial general intelligence (AGI). [...] Rather than racing to replace people, we should build AI tools that amplify human expertise and expand opportunity.

In the United States, for example, labor income is taxed significantly more than capital income. If a business pays a worker $100, it will have to hand over as much as $30 in tax and spending obligations. But paying $100 for automation equipment lead...