AGI will create abundance

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.

The offsetting gains dwarf the losses.

Unlimited energy, unlimited calories, unlimited knowledge, unlimited education, unlimited housing.

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.

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

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

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.

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.

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 don’t know exactly when it’ll come, I don’t know if it’ll be 2027. I think it’s plausible it could be longer than that. I don’t think it will be a whole bunch longer than that when AI systems are better than humans at almost everything. Better than...

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 fo...

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

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 industria...

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. A...

While many are fearful of AI, there are some (including myself) who believe that beyond the AI Singularity lies an incredible world of abundance. As detailed in Abundance: The Future is Better Than you Think (2012), exponential technologies have the...

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 skyr...

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 b...

AGI is coming very, very soon. [...] This is the beginning of our golden age.

We're moving into what we call abundance. Previously, an organization was constrained by its resources. You could only focus on a few ideas. Now, if we don't constrain the resources, we can consider copious ideas.

AI is likely to close the technology divide, because it is so easy to use and so abundant and so accessible. [...] I'm optimistic about the potential of AI to lift the countries that are emerging. [...] We need to make sure that the average pensioner...

Because post-superintelligence abundance will be so great, agreements to share power and benefits should strongly be in the leader’s national self-interest: as we noted in the section on abundance, having only 80% of a very large pie is much more des...

The economic singularity can liberate us from wage slavery, and spark a second renaissance. But we will need a different form of capitalism – fully automated luxury capitalism – to achieve the economy of abundance. The technological singularity is w...

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 ...

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.

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 t...

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.

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 i...

Tech CEOs, futurists, and venture capitalists describe artificial general intelligence (AGI) as if it were an inevitable and ultimate goal for technology development. In reality, the term is a vague signifier for a technology that will somehow lead t...

In reality, the term is a vague signifier for a technology that will somehow lead to endless abundance for humankind.

Many go even further. Ray Kurzweil, a prominent executive, inventor, and author, has confidently argued that the technologies associated with AI are on their way to achieving “superintelligence” or “singularity”—meaning that we will reach boundless p...

Yeah AGI likely does the opposite of creating post-scarcity. I wish people would realize this.