Latest / Economics Matters with Laurence Kotlikoff
Seth Benzell is Back to Update Us on All things AI
With the leading ten AI companies comprising one third of the value of the S&P and none showing a profit plus the threat they pose to our jobs, let alone humanity, we best keep careful track of the industry. My former graduate student, Seth Benzell, is one of our nation's top AI experts. Seth discusses AI's so-called scaling law, the problem of too little data to fit the industry's parameters mystically being cured by double descent, and the bitter lesson. Seth also talks us through how much money AI can save and, therefore, make by replacing humans in accomplishing existing tasks.
Seth is an…
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