AI Will Impact GDP of Every Country By Double Digits, Says Mistral CEO (businessinsider.com) 31
Countries must develop their own artificial intelligence infrastructure or risk significant economic losses as the technology transforms global economies, Mistral CEO Arthur Mensch said last week.
"It will have an impact on GDP of every country in the double digits in the coming years," Mensch told the A16z podcast, warning that nations without domestic AI systems would see capital flow elsewhere. The French startup executive compared AI to electricity adoption a century ago. "If you weren't building electricity factories, you were preparing yourself to buy it from your neighbors, which creates dependencies," he said.
"It will have an impact on GDP of every country in the double digits in the coming years," Mensch told the A16z podcast, warning that nations without domestic AI systems would see capital flow elsewhere. The French startup executive compared AI to electricity adoption a century ago. "If you weren't building electricity factories, you were preparing yourself to buy it from your neighbors, which creates dependencies," he said.
as does all other significant technology. (Score:2)
Cars impact GDP by double digits.
TV/Movies impacts GDP by double digits.
Paper impacts GDP by double digits.
Mining impacts GDP by double digits
Agriculture impacts GDP by double digits.
Pharmaceuticals, etc. etc.
AI is new, the rest are old tech,
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I mean, are they thinking we'll hook AI into all systems in a Skynet type fashion, and it will be running the show and have that type impact....?
Shy of that, I'm just having problems imagining this level of significant impact on each society on earth.
And if that is the case....who in their right mind would turn over that much power over their civilization to "the machine"..
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A large part of it is going to be scut work and personalization.
That is, AI shows me TV shows it thinks I like, I ignore 9 of them, and watch 1, which increases their revenue by 1 show.
I also watch one my friend suggested, and another I saw advertised.
I watched 3 shows, 1 of them suggested by AI. By their math, AI increased the number of shows I watched by 50%, a double digit increase in tv shows.
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Anyone whose job it is to write or summarize reports where they don't have to be really precise, anyone whose job it is to make pictures, anyone who writes smaller basic programs, drives cars or trucks, monitors a video feed for, for example, the presence of humans, performs more basic translation functions, performs text to speech, reads handwriting and enter it into forms, or does any of several other tasks has had or will soon have most of th
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I guess I'm trying to figure out what offerings "AI" will give that will so significantly impact a country's GDP in a serious manner?
I mean, are they thinking we'll hook AI into all systems in a Skynet type fashion, and it will be running the show and have that type impact....?
Shy of that, I'm just having problems imagining this level of significant impact on each society on earth.
And if that is the case....who in their right mind would turn over that much power over their civilization to "the machine"...?
The paywalled article can be read through archive.is but the primary source is quoted as a recent episode of podcast called A16z (which I won't be listening to so I can't help further than this).
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Yeah but they mean that AI will reduce it by double digits, where the rest contribute.
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I'm also absolutely stunned that an AI company CEO would come out banging the drum for AI.
Seems misguided (Score:5, Interesting)
said the quiet part aloud (Score:3, Insightful)
"This fantastic new technology to help the humankind will be gated to the rich and only used for further financial gain for the 1%.ers. The rest of humanity will still be working in the salt mines"
Biased, perhaps? (Score:4)
Take these comments w/ a grain of salt. The CEO of any company that has something to sell will always make their product sound like the greatest thing since sliced bread. Not that AI is, not that it isn't, but let's hear about it from someone who's not in the position to profit royally before we judge these comments to be authentic and truthful.
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On the other hand, it's important to understand that GDP itself is a stupid measure of anything these days and represents predominantly "paper value" and not real productivity because of the technical details of how it's calculated. With that in mind, it seems quite reasonable to assume something stupid and almost entirely existing only on paper like AI might shift and upset it.
Dutch saying (Score:2)
"we from toilet-duck advice toilet-duck"
A few decades ago, there was a TV ad from a company called toilet-duck, supposedly employing scientists that advised their own product. The above quote was their slogan.
Since the appearance of that ad, the phrase is used to indicate biased information.
CEOs promoting their own stuff? Surely not. (Score:4, Insightful)
Press (X) to doubt.
electricity factories? (Score:4, Funny)
"If you weren't building electricity factories, you were preparing yourself to buy it from your neighbors, which creates dependencies,""
Was that translated by AI ?
Still need to ... (Score:2)
In fact, smart nations will work on attracting foreign direct investment. That new data center in Kenya isn't going to pick up and leave easily.
Negative double digits (Score:2)
And hey, join my religion. It's the fastest growing religion in the world right now.
AI company says you need to invest in AI (Score:2)
Take this with a grain of salt. Yeah AI will affect GDP, but AI as the industry itself won't. A country doesn't need to have its own home grown AI industry to have their GDP affected, they can use someone else's.
Example: The advent of Google Search has dramatically changed the way people work over the entire world. It has driven massive efficiencies and been incorporated into countless products and as a result has had GDP implications for countless countries in the world. Yet it's still the product of a USA
May be old man yelling at cloud, but ... (Score:2)
There are studies coming out that question if AI technology is causing a fundamental negative change for people. In a society where people get used to asking some sort of AI assistant for answers, they lose their ability to research information themselves.
The tech industry has been in a such a hurry to push this out the door as the "next great new thing", they didn't stop to ask if it would have unintended consequences like that. (I think most people were focused on the sci-fi doomsday stories of AI becomin
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The obvious lesson from technology over the past 10 years is that things don't necessarily get better as technology advances. Capitalists are salivating over the way they can save money with AI, but that will likely have many negative impacts on society. Get ready for the day when it's impossible to speak to a customer service representative, or the day when you cannot hire someone capable of critical thought, or the day when "truth" is merely an AI hallucination.
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Says the guy selling AI (Score:2)
"Mistral AI is the world's greenest and leading independent AI lab. Deeply engaged solutioning and value delivery. Hands-on assistance from the world's best AI engineers and scientists across deployment, solutioning, safety, and beyond. Delightful interfaces."
The AI Arms Race (Score:2)
2 whole digits. (Score:2)
You mean at least 10 entire GBP/USD/EUR?!!!!
Not that big a crash (Score:2)
The crash of the AI buble will be big, but nowhere that big.
Shovel salesman selling shovels (Score:1)
To paraphrase Mandy Rice-Davies (Score:3)
He would say that, wouldn't he?
This is a guy with a vested interested to prop up that kind business. What else is supposed to say? Why would anyone take seriously what he has to say about the subject? Because he knows the business? BS. Because he's trying to ramp up interest and get more money from VCs. Why are people still falling for such ridiculous nonsense?
Trust in AI (Score:2)
"Their own" AI? (Score:2)
Countries must develop their own artificial intelligence infrastructure or risk significant economic losses as the technology transforms global economies
Why must they develop their own AI infrastructure? If you've got computers and internet, you're done, right? No special equipment is needed.
This is kind of like saying that countries must develop their own car manufacturing infrastructure, or risk economic losses. No, not every country in the world economy, must be a producer of all things.
no, it won't - no increase to GDP. (Score:2)
How, exactly? (Score:5, Insightful)