Machine intelligence and capital accumulation

The distribution of wealth in the world 1000 years ago appears to have had a relatively small effect—or more precisely an unpredictable effect, whose expected value was smallĀ ex ante—on the world of today. I think there is a good chance that AI will fundamentally change this dynamic, and that the distribution of resources shortly after the arrival of human-level AI may haveĀ very long-lasting consequences.

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