How AI Transforms the Economy with Toby Sharp
Toby Sharp, Google's lead augmented reality engineer, joins The Ai Chicks for a second episode to delve into his personal position on the economic implications of AI on our future. In this episode, we navigate the complexities of the monetary system, discuss the potential of bitcoin, and tackle contentious debate on Universal Basic Income amidst job displacement. The AI Chicks and Toby's insights provide a glimpse into the future of business models and economic landscapes enhanced by AI breakthroughs.
Show Notes
EPISODE COVERS:
Monetary system reforms and challenges
Creating new laws and rules
Bitcoin as a stable financial tool
Rising costs prompting tech usage
Universal Basic Income proposal
AI and massive job disruption
High valuations of AI startups
Future minimal staff business models
Self-driving cars transforming commuting
Automation changing service industries
AI-driven economic disparity concerns
Expanding skill sets for job market
AI adding value to global economy
Role of central banks and inflation
Education and AI's impact on costs
Creating new laws, monetary system issues, bitcoin for savings, central banks, currency devaluation, protecting finances, AI impact on jobs, job displacement, AI-driven unemployment, universal basic income, UBI debate, technological unemployment, AI startups, high valuations, self-driving cars, autonomous vehicles, car insurance impact, AI in daily life, entrepreneurial society, expanding skill sets, AI development, data science opportunities, global AI integration, AI economic impact, inflation and deflation, central banks' role, wage increases, automated systems, economic disparity, technology and internet comparison, AI in education.
00:00 AI as latest disruptive technological progress wave.
04:46 AI disrupts education, offering affordable personalized learning.
08:12 AI creates job opportunities despite job displacement.
13:10 Central banks create money; system prefers inflation.
16:23 Tech leaders propose universal income amid job displacement.
18:28 AI enables billion-dollar businesses with minimal staff.
20:51 Opportunities in tech-integrated businesses need oversight.
26:55 AI and inflation pose risks to wages.
28:30 Expand skills to enhance job competitiveness.
31:17 Finished with useful advice and acknowledgments.