"If we create intelligence smarter than us, the rest follows"
"If you believe that we can create an intelligence that is smarter than us and that will pursue its own goals, then the rest follows logically," Jensen stated on the Bloomberg Odd Lots podcast, which was published on Friday. Jensen compared the current situation to February 2020, when China had reported the spread of the coronavirus and Italy was beginning to feel the impact of the pandemic. "Until AI technology starts killing people, unfortunately history shows that we are not going to do anything," he characteristically noted.
"The longer you wait, the more desperate the situation becomes"
One of the reasons why no meaningful measures are being taken, according to Jensen, is the inertia of government officials who do not know what actions to take. "The longer you wait, the more desperate the situation becomes," he pointed out. Jensen argues that assigning legal liability to AI developers could force companies to move more decisively. "If you actually said that you are responsible for the crimes your AI creates, you would slow things down," he said. Regarding the argument that China would continue to advance regardless of decisions made by the US or other nations, Jensen argued that the Chinese Communist Party has its own interest in maintaining stability.
Tax on "machine labor" to offset job losses
Jensen proposes levying a tax on compute usage units (tokens) tied to machine labor in order to offset the disruptions AI causes to high-skilled jobs and to fund oversight for AI safety. Bridgewater, an investment manager with approximately $150 billion in assets, is already aggressively using artificial intelligence. According to Jensen, token usage at the firm has increased by 200 times. As he contends, Bridgewater's AI investments have proven profitable, as the firm employs two distinct approaches. On one hand, it utilizes artificial intelligence as a tool that supports human investment managers. On the other hand, it implements an "AI-first" model, in which computers assume a leading role in the investment decision-making process.
"In a few years it will be significantly better than all humans"
Jensen estimates that artificial intelligence is just a few years away from significantly surpassing the combined investment capabilities of the people at Bridgewater. "I believe we are a few years away from the point where it will be significantly better than the collective group of people at Bridgewater. We will see. It is a prediction, but that is the pace at which AI capabilities are evolving," he stated. This specific assessment reflects how rapidly AI systems are advancing and how close certain top investment executives believe the moment is when machines will be able to take over a larger part of the investment decision-making process.
Bridgewater's investments in Nvidia, Broadcom, and Amazon
Bridgewater's latest 13-F filing with the US Securities and Exchange Commission (SEC) revealed substantial positions held by the investment firm in companies leading the artificial intelligence space. Among these are Nvidia (NVDA), Broadcom (AVGO), and Amazon.com (AMZN). This picture demonstrates that Bridgewater does not view AI merely as a future risk, but also as one of the most important technological and investment developments of our era.
www.bankingnews.gr
Readers’ Comments