Panelists: Timothy Bresnahan, Carol Corrado, Jeffrey Prince, Michael Rosenbaum
Moderator: Scott Wallsten
Here are three key takeaways from the panel:
- The AI revolution is a continuation of the computer revolution, with top-heavy rates of adoption concentrated on companies with the resources to develop and implement GenAI tech. These companies have a competitive advantage in securing the high-quality data needed to train advanced LLMs. The current AI landscape is narrow and deep: only a small percentage of companies, mostly large tech firms, have integrated AI into their business. The broader market has yet to fully embrace AI. If AI usage were to expand, it could bring about an enormous productivity boom.
- AI drives productivity gains in key sectors, such as healthcare and engineering, by enhancing predictive recruiting practices. AI expands opportunity for those at the bottom end of the income scale, but may soon displace some aspects of high-income jobs, like medical diagnoses. Still, human beings have a natural edge in trust and information flow that machines can’t replicate.
- Discussions of whether AI is infinitely bad or good are useless, but debating the merits of AI on specific points has utility. Just as hallucinations don’t render AI useless with the proper safeguards, inventive work to deal with risk improves GenAI.
You can watch videos or read full transcripts of each panel, including this one, on TPI’s YouTube channel. Below is a live illustration of this panel provided by graphic artist Karina Branson of CoverSketch, who joined us live during the Aspen Forum to provide unique summaries of every recorded session. Stay tuned for more panel summaries from 2024’s Aspen Forum!
