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Economist Daron Acemoğlu: AI could increase inequality

Renowned economist Professor Daron Acemoğlu says AI is being used to “subjugate people”

Renowned economist and author Professor Daron Acemoğlu has told the 鶹Լ that artificial intelligence is being used to “subjugate people, reduce their autonomy, reduce their agency”.

Speaking to Stephen Sackur on HARDtalk, Professor Acemoğlu said the “culture of Silicon Valley has been the thing that has pushed us towards more and more automation, less and less attention to what the average worker needs – a sort of an elitist attitude towards technology.”

In contrast to the doomsday scenarios of science fiction, Professor Acemoğlu said he was less concerned about AI taking over from human beings and more worried about humans using AI to exploit other humans. The discussion of “existential risks really takes our attention off the more mundane and daily uses of AI and digital technologies that are inequality generating,” he said.

During a long career at MIT in the US, Professor Acemoğlu has studied the effects of technological progress on social conditions and warns history shows technology by itself does not improve society. In fact, he warns, it can make the conditions of workers worse. As in previous technological revolutions, Professor Acemoglu says the danger lies in the material benefits going only to an elite. “A small cadre of people are shaping the future of AI,” he said.

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