How an Economist Looks at AI and Existential Risk

Artificial intelligence can do a lot more than, say, improve the efficiency of customer service agents, as important as that might be. Google DeepMind’s AI tool, for instance, has predicted 2.2 million new crystal structures, a significant expansion from the existing 48,000. In collaboration with the University of California, Berkeley, it verified the results by synthesizing 41 out of 58 chosen compounds, with over 700 additional crystals now produced by other groups. AI’s potential in developing industrial materials is immense.

Of course, AI’s impact is expected to be substantial across economies and in many fields of human endeavor. As economist Erik Brynjolfsson recently told Fortune:

 
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