Economic Policy for Artificial Intelligence
Published By: NBER | Published Date: May , 2018Recent
progress
in
artificial intelligence (AI)
– a general purpose technology affecting many industries -
has been focused on
advances in
machine learning, which we
recast as a quality
-adjusted drop in the
price
of prediction. How will this sharp drop in price
impact
society?
Policy
will influence
the impact on
two
key
dimensions: diffusion and consequences. First,
in addition to subsidies and IP policy that will
influence the diffusion of AI in ways similar to their effect on other technologies,
three
policy
categories
- privacy, trade, and liability -
may be uniquely salient in their influence
on
the diffusion
pat
terns
of
AI.
Second, labor and antitrust polic
ies
will
influence the
consequences
of AI in terms of
employment,
inequality, and competition.
Author(s): Avi Goldfarb, Joshua Gans, Ajay Agrawal | Posted on: May 30, 2018 | Views()