AGI will create abundance

Intelligence is a resource, not an entity. Superintelligent-level capabilities can be steered through structured workflows, without autonomous agents pursuing their own agendas. The implications are far-reaching: AI expands implementation capacity; abundance prospects shift strat…

There is no upper limit on how intelligent AIs will get or on how good robots will get, and I believe the advances will not plateau before exceeding human levels. [...] AI capabilities will allow us to make far more goods and services with less labor.

I honestly believe we are approaching an era of radical abundance. We are about to distill the essence of what makes us capable — our intelligence — into a piece of software, which can get cheaper, easier to use, more widely available to everybody. As a result, everyone on the pl…

Artificial intelligence is different. It's past the point where a difference in degree becomes a difference in kind. AI amplifies and multiplies the human brain, much like steam engines once amplified muscle power. Before engines, we consumed food for energy and that energy we pu…

AI is not the end of work. It is the beginning of abundant intelligence.

The convergence of artificial general intelligence (AGI) and autonomous robotics will initiate a structural, supply-side deflation of unprecedented scale—a phenomenon we term the Great Deflation. Unlike demand-driven deflation, supply-side cost compression raises real living stan…

It would mean a takeoff rate of economic productivity growth that would be absolutely stratospheric, far beyond any historical precedent. Prices of existing goods and services would drop across the board to virtually zero. Consumer welfare would skyrocket. Consumer spending power…

We could even reach a point where resources are no longer the limiting factor for human progress, leading to an amazing new era of abundance.

This creates what we call the “Abundance Flywheel”: commit compute to a hard problem, focus R&D until it clears, watch the domain collapse from artisanal craft to industrial utility, capture the surplus, and reinvest it into the next target. Repeat until scarcity is a memory.

But if you have ubiquitous AI that is essentially free or close to it, and ubiquitous robotics, then you will have an explosion in the global economy—an expansion in the global economy that is truly beyond all precedent. [...] My prediction, in the benign scenario of the future, …

The AI revolution will generate enough wealth for everyone.

A future in which AI, instead of posing an existential threat to humans, drives economic growth “is a world of incredible abundance, and that incredible abundance should let us solve problems” like extreme inequality.

I'm much more focused on the benefits to all of us. I am haunted by the fact that the industrial revolution didn't touch the parts of the world where I grew up until much later. So I am looking for the thing that may be even bigger than the industrial revolution, and really doing…

There is a clear opening to make the case that the transformative power of artificial intelligence can be used to create a much better economy that works for all and a society of abundance where all Americans can thrive.

We believe this will be true with AI as well, and the abundance of the future can be shared by everyone.

Scarcity has shifted, not disappeared: The premise of AI abundance needs sharper evidence.

A growing narrative in technology commentary and macroeconomics holds that advanced AI and robotics will deliver material abundance, near-zero marginal costs, and an end to economically meaningful scarcity. This paper challenges that view.

It is often suggested that the advent of powerful AI will create abundance and that it can thereby contribute to securing social harmony. This paper draws on Hirsch’s study of different kinds of limits to growth to show that this is false.

Using practical theories tested in the real world across different circumstances—as opposed to opinions or analyses based on data that does not yet exist—suggests there may be important twists ahead that should lead us to question whether a “world of abundance” could ever truly e…

None of this is going to drag people out of poverty and into a world of abundance; that simply is not going to happen thanks to AI.

I think 'post-scarcity' is a kind of nonsense term, and people should think of it as temporary abundance that will soon be eaten by whatever growth manages to reproduce the fastest. And whatever the formula is for giving out UBI, machines are going to be better at optimizing that…

The concept of superintelligence is built on a flawed premise. The idea is that once you have an intelligence that is as good or better than humans — in other words, AGI — then that intelligence can improve itself, leading to a runaway effect. This idea comes from Oxford-based ph…

The central post-AGI economic problem is not how to maximise output, but how to convert abundant intelligence into durable, fairly distributed human, societal, and planetary flourishing.

ABUNDANCE IS COMING. THE QUESTION IS WHO IT'S COMING FOR.

[...] which, with the right economic policies, would inaugurate an age of abundance.

“Build your own AI, take advantage of your fundamental natural resource, which is your language and culture; develop your AI, continue to refine it, and have your national intelligence part of your ecosystem,” he said. “We need to make sure that the average pensioner, the averag…

If AGI emerges, it could become the most transformative force in economic and social life since the Industrial Revolution. Its promise is extraordinary: near-total automation of intellectual labour, accelerated scientific discovery, rapid innovation cycles and an economic order i…

AI could make goods and services cheaper than ever, raising hopes for a new age of abundance where scarcity plays a smaller role in human life.

As we enter an age of abundance, I am pleased to say to the noble Lords opposite that it will become the end of capitalism. If resources can become effectively free, other things then become rationed.