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The Inflated Sum of AI Fears

The rapid development of generative artificial intelligence has led to the pessimistic view that the new technology will undermine democracy and pose an existential threat to humanity. But there is good reason to believe that AI, like all general-purpose technologies before it, will improve human welfare.

WASHINGTON, DC – The rapid advances in artificial intelligence in recent months have unleashed a tidal wave of worries. Will this new technology substantially reduce employment by eliminating the need for most human workers? Will it undermine democracy? Does it pose an existential threat?

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